Euro to Pound Exchange Rate News - Money Guide Ireland

May 11th 2024 104:00

Euro to Pound Exchange rate today is at £0.8606

Pound to Euro Exchange rate today is at €1.1619

€1 EUR	is worth	£0.8606 Pounds
£1 GBP	is worth	€1.1691 Euro

€10,000 EURO	is worth	£8606 Pounds
£10,000 GBP	is worth	€11619 Euro

Sterling to Euro Exchange Rate

You Can Check the Live Euro to Sterling Exchange Rate Here

Will the Pound Fall Against the Euro ?

Last week The British Pound rallied against the Euro, Dollar and other currencies after UK economic growth rebounded strongly in the first quarter.

However – earlier last week Goldman Sachs revised its forecast for GBP/EUR – with expectations of a weaker Pound

They forecast EUR/GBP of 0.85 in 3 months 0.85 in 6 months and 0.84 in a year.
These figures were previously 0.81, 0.79, and 0.80 .

This translates into a Pound to Euro forecast profile of 1.1765, 1.1765 and 1.19 (Previously 1.23, 1.2660 and 1.25 )

The news and information contained on this site are not investment advice.

Fluctuations in Exchange Rates can make it a nerve-wracking time if you are planning to change large amounts of Sterling or Euro soon.

Using a Currency Exchange company can remove some of the uncertainty if you are wondering “is now a good time to change pounds to euros“ or “When is the best time to buy euros“.

Crucially, a currency transfer specialist can enable you to fix an exchange rate as much as 12 months in advance of a transfer.
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.