Pound to Euro Exchange Rate News Index

Thus, the euro to pound exchange rate is quoted at 0.8443.

(These are wholesale market quotes, your bank will charge a discretionary spread to the figures. However, an independent FX provider will guarantee to undercut your bank's offer, thus delivering more currency. Please learn more here.)

Recent price action on the currency markets has certainly favoured the euro against its UK brethren and the outlook could be dominated by further declines in the pound sterling.

Sasha Nugent at Caxton FX says:

"Both German IFO business climate figures and BBA Mortgage Approvals came in below expectations, but the euro was able to capitalise and push the GBP/EUR further towards 1.1850.

"GfK German consumer climate figures were as expected and UK CBI realised sales are due this morning. With a decent number from the UK we expect some sideways movement today."

Has the pound to euro rally run out of steam?


This morning we hear from Piet Lammens at KBC Markets who says the British pound's rally against the shared currency could be running out of steam.

He tells clients the outlook for the pound to euro exchange rate could be characterised as being one of consolidation:

"Of late we favoured sterling strength with the UK currency trending to the bottom of the established EUR/GBP 0.88/0.8400 trading range. This target has been reached and sterling also broke a key resistance against the dollar.

"This break in cable was extended after the Fed meeting, but it didn’t really change the balance in EUR/GBP.

"Finally, Thursday’s poor retail sales triggered a profit-taking move in sterling. The recent run of sterling, both against the dollar and the euro, looks a bit exhausted.

"So, further consolidation/correction might be in the cards. That said, we don’t see reasons for a real trend reversal of sterling unless the UK eco data would turn for the worse. We look to sell EUR/GBP in case of a more pronounced correction, but are not in a hurry."