September 14th 2021 12:00
Sterling to Euro Exchange rate today is at €1.1737
Euro to Sterling Exchange rate today is at £0.852
|€1 EUR||is worth||£0.852 Sterling|
|£1 GBP||is worth||€1.1737 Euro|
|€10,000 EURO||is worth||£8520 Pounds|
|£10,000 GBP||is worth||€11737 Euro|
Summary of 2021 Euro to GBP exchange rates:
- Best exchange rate was 0.9057 GBP on 6th Jan 2021.
- Lowest exchange rate : was 0.8467 GBP on 11 Aug 2021.
- Average Euro/GBP exchange rate 2021 : 0.8645 GBP.
Will the Pound get stronger against the Euro?
The Pound opened last week on the backfoot, as GBP investors were unnerved by the threat of fresh tensions between the UK and EU over Brexit.
The Bank of England now ooks set to raise interest rates in the first half of 2022, which is probably going to be before both the Federal Reserve and European Central Bank.
This should keep the Pound supported against both the Euro and Dollar, but for Sterling to rise higher the market will require evidence that further interest rate rises are becoming visible on the horizon.
This week Citibank said … “We continue to expect GBP to strengthen in coming months as upside inflation risks will prompt the Bank of England to signal policy normalisation,” ( Ebrahim Rahbari, Chief G10 Currency Strategist at Citibank).
For example- if the current exchange rate suits your future house purchase budget it would make sense to fix the rate now.
Get a Quote For A Currency Transfer
You can get a quick quote for currency transfer at the Fexco Website . Setting up an account costs nothing and once you are registered you can arrange money transfers or talk about securing an exchange rate for a future transaction. Fexco is based in Ireland and authorised as a payment services provider by the Central Bank of Ireland. In the UK, Fexco is regulated by the Financial Conduct Authority.
For more options when transferring large amounts of currency – see our article – How To Get the Best Exchange Rates.