POUND sterling entered firmer territory today as it scored its biggest monthly rise in a year. It came as Britain prepares to resume EU negotiations over the issue of Irish border arrangements after Brexit. Here's the latest on how it's affecting your cash. What is today's pound to euro exchange rate? By the end of play on January 31 the pound was trading at 1.14 against the euro. This comes after declines triggered by parliament's rejection of amendments to delay Brexit, as investors bet the government would still avoid exiting the EU without an agreed trade deal. The pound fell 0.7 percent on January 29 after lawmakers voted to demand Theresa May renegotiate the terms of Brexit but rejected an amendment that would have postponed Britain's scheduled March 29 departure. However, an amendment that stipulated averting a no-deal Brexit did pass, and analysts said risks of a chaotic Brexit had risen only slightly. Goldman Sachs, for example, put the chances at 15 percent compared … [Read more...] about Pound to euro exchange rate – what’s the latest rate as Theresa May battles for Brexit
Pounds for euros exchange rate
The pound to euro exchange rate plummeted last night after the Brexit vote in the House of Commons. The pound is currently trading at €1.145 against the euro, according to Bloomberg at the time of writing. Yesterday morning it was at €1.150. MPs voted yesterday on seven alternatives with the power to shape the future of Brexit - just two were passed. One key amendment - voted 321 to 298 against by MPs - would have given Parliament control over the Brexit process if Prime Minister Theresa May fails to secure a deal by February 26. The amendments rejected included a cross-party amendment which would have required the Prime Minister to seek an extension of Article 50 if no deal had been reached by 26 February. In addition, MPs rejected a bid by Jeremy Corbyn to force a debate on Labour's Brexit plans. The amendments which passed saw MPs vote in favour of an amendment which rejects the UK leaving the EU without a Withdrawal Agreement. The second which passed was the … [Read more...] about Pound to euro exchange rate: Sterling ‘drops’ after Brexit vote but could claw back loss
POUND Sterling was treading water today with the currency pressured by uncertainty over Brexit and the prospect Theresa May could soon face a General Election. Here is our guide to what is happening in the euro currency market — and how to get the best price for your sterling. What is today's pound to euro exchange rate? At 10am today 1.12247 pounds was worth one euro compared to 1.1206 pounds at the previous close. Today's range is between 1.1202 and 1.1263. A series of setbacks suffered by UK Prime Minister Theresa May in parliament ahead of a key vote on her Brexit deal today had pushed sterling to a one-week low against the euro. However, on the day of the vote it is up by 0.36 per cent. How is Brexit affecting the exchange rate? If May loses the vote on Tuesday, January 15 on her Brexit deal and a national election is held that ushers in a Labour Party government and its high-spending policies that would likely weigh on sterling. The chances that Britain will leave the … [Read more...] about Pound to euro exchange rate – how will Brexit affect GBP and where’s best to buy holiday money?
TAKING A POUNDING From the moment the Brexit referendum was announced, the pound has suffered BREXIT has been a sad story for the value of the pound from the moment the referendum results came in. Even as the original referendum was called the value of sterling slumped to a three-decade low as investors considered an England outside the EU. But what has it done since then? Will the pound to euro exchange rate drop after Brexit? Given the concern investors have already shown at the prospect of England outside the EU, when the bond is finally cut, it will undoubtedly affect the exchange rate further. The security of the UK as a place to do business will be impacted, as it reconsiders its alignment with the world’s largest free trade zone. Then there is the issue of free trade – a big influence in a currency’s value – and a complete unknown on the Brexit front. Whether the UK heads for a no-deal, Theresa May’s “soft” Brexit, or a second … [Read more...] about Will the pound to euro exchange rate drop after Brexit and how has it been affected so far?
WITH Christmas on the way, a European getaway might be on the cards, so it is good to know you're getting value for money. Here is our guide to what is happening in the euro currency market — and how to get the best price for your sterling. What is today's pound to euro exchange rate? The pound was trading at €1.10 at 9.20am on December 11, 2018. The trading value continues to be affected by speculation over Brexit, and even the Government's "end of austerity" budget provided no real lift in the pound's value. Actual rates for holidaymakers are significantly lower than market prices, but they broadly follow the trend. Sterling had been on a very modest upward trend from August, but lost a large part of the value it had gained in mid-October. The pound rose again to a peak of €1.15 on November 13, when Theresa May struck a deal with the European Union. But it has since fallen to new lows as it becomes less likely May will pass this deal through a commons vote. The … [Read more...] about Pound to euro exchange rate – how has the Parliamentary vote on Brexit affected the pound’s exchange rate