January 8th 2025 15:00
Euro to Pound Exchange rate today is at £0.8346
Pound to Euro Exchange rate today is at €1.1981
| €1 EUR | is worth | £0.8346 Pounds |
| £1 GBP | is worth | €1.1981 Euro |
| €10,000 EURO | is worth | £8346 Pounds |
| £10,000 GBP | is worth | €11981 Euro |
Will the Pound Fall Against the Euro ?
This week the British Pound is being dumped – and all signs point to anxieties over the UK’s rising debt as being the culprit. Markets are rapidly losing faith in UK Chancellor Rachel Reeve’s budget measures and are dumping UK assets.
Analysis from Deutsche Bank says Reeves will now have to borrow more, cut spending and raise taxes
The Pound to Euro exchange rate is down more than 0.6% today at 1.198
In mid December there was a prediction from Saxo Bank saying there is a chance the Pound to Euro exchange rate could race back to €1.27 in 2025.
For example- if the current exchange rate suits your future house purchase budget it would make sense to fix the rate now while you wait for your house to sell.
You can also place automatic orders – so that when a rate hits your target rate – the exchange is automatically carried out for you.
Get a Quote For A Currency Transfer
Garton Global Payments is based in London and was set up by Irish native Niall Walsh. They have plenty of experience in dealing with large money transfers between Ireland and other countries. All payment processing is carried out on the CurrencyCloud platform which is fully authorized and regulated in the UK, EU, US, and Canada .
You can request a quote online or call the Garton team direct on (UK) +44 20 8004 5841 or on their Irish number 01-5846855
For more options when transferring large amounts of currency – see our article – How To To Get the Best Exchange Rates On International Money Transfers.
The news and information contained on this site are not investment advice.