Pound to euro exchange rate: Best rate as GBP tiptoes to €1.124
POUND to euro exchnage rate has climbed to €1.124 today, a small improvement. The Post Office is offering €1.0966 to the pound and £750 buys €822.45.
The pound to euro exchange rate has improved slightly thanks to activity in Europe.
Foreign markets have encouraged sterling to tiptoe hight to €1.124.
Laura Parsons currency analyst at TorFX spoke to Express.co.uk about the state of the British currency.
She revealed the Italian budget is in part behind the slightly better rate.
UK business confidence is also in part to thank for the improved state of the British currency today.
Laura said: “Italian budget concerns and an improvement in UK business confidence have helped the GBP/EUR exchange rate tiptoe to €1.124.”
Could the pound to euro exchange rate improve over the weekend?
According to experts sterling “could” climb further.
Laura said: “We could see further Sterling gains before the weekend if UK growth data impresses.”
However, improvement in the pound could be limited by rising inflations rates.
Laura added: “Any upward momentum in GBP/EUR will be limited if Eurozone inflation rises as expected.”
Yesterday the pound to euro was traiding in the region of €1.121.
She told the Express it “could edge higher if the European Central Bank’s (ECB) economic bulletin indicates that interest rates won’t rise until the end of 2019.
“Any declines in the Eurozone’s economic sentiment measures could also leave the euro under pressure.”
The Post Office is offering €1.0966 to the pound and £750 buys €822.45.
Martin Lewis’s travel money advice includes one thing to always take on holiday to get the best deal.
A former financial journalist, Martin Lewis to Britons: “Normally spend abroad on plastic and it adds a 'non sterling exchange fee' of three per cent ish, meaning £100 of euros costs you £103.
“Plus there are cash withdrawal fees on top. Yet specialist cards don't do that. These cards give you near-perfect rates every time you spend, on every trip to every country.”
Facts about British currency
When a new monarch ascends to the throne and their profile is put on to currency, the side they face is swapped.
This means Charles will face left on British currency when he becomes King, as currently the Queen faces right.
The £50 not is the highest-value banknote in general circulation, but there are a small number of “giant” and “titan” notes - £1million and £100million notes respectively.
These are not designed for general use, but were instead created to back the value of everyday notes issued by commercial banks in Scotland Northern Ireland.
According to the BBC: “For every pound an authorised Scottish or Northern Irish bank wants to print in the form of its own notes, it has to deposit the equivalent amount in sterling with the Bank of England.”
Royal Mint create and execute the designs for British coins.
Designs are based on current events, such as the 2012 Olympic Games, honouring history, such as both world wars, or literary/arts inspired, such as Beatrix Potter.
Some of the most enduring cockney slang relates to money.
Archer = £2000, Bag of Sand = £1000, Grand = £1000, Monkey = £500, Carpet = £300 (can also be £30 or £3), Ton = £100, Pony = £25, Macaroni = £25, Apple Core = £20, Score = £20, Speckled Hen = £10, Uncle Ben = £10, Nigel Ben = £10, Paul McKenna = £10, Ayrton (Senna) = £10, Lady (Godiva) = Fiver = £5, Taxi Driver = £5 Nicker = £1, Ten Bob Bit = 50p piece Oxford = 5 shillings, Lord of the Manor = Tanner (sixpence)