Pound To Euro Exchange Rate Recovers After Turbulent Summer 2017

Well, what can I say…we all thought that the Summer Of 2016 was an interesting summer for the Pound To Euro Exchange Rate what with the Brexit Referendum, but the summer of 2017 has been almost as equally interesting.

What with a snap UK General Election called by Theresa May, the start of the Brexit negotiations between the UK Government and the European Union and a bid for independence by Catalan has all played its part in a turbulent summer for the Pound To Euro Exchange Rate.

Pound To Euro Exchange Rate –

Following UK General Election 8th June 2017

Pound To Euro Exchange Rate Recovers After Turbulent Summer 2017 - Following UK General Election 8th June 2017

Following the UK General Election on the 8th June 2017 you can see that the Pound To Euro Exchange Rate continued its trend to fall with uncertainty after a hung parliament. It then took a couple of weeks for the Conservatives to form a new minority government with the DUP.

The uncertainty continued for the Pound To Euro Exchange Rate as the Brexit negotiations were due to start a few weeks after the UK General Election on the 19th June 2017 where Secretary of State for Exiting the European Union David Davis arrived in Brussels to start the negotiating process.

Pound To Euro Exchange Rate –

17th July to 20th July 2017 Brexit Negotiations

Pound To Euro Exchange Rate Recovers After Turbulent Summer 2017 - 17th July to 20th July 2017 Brexit Negotiations

Between the 17th July and the 20th July 2017 the Brexit Negotiations continued with four days of talks which as you can see above affected the Pound To Euro Exchange Rate with it falling further again during this period of time and afterwards up until the end of August 2017.

Pound To Euro Exchange Rate –

Lowest Euro Rate 29th August 2017 In Five Years

Pound To Euro Exchange Rate Recovers After Turbulent Summer 2017 - Lowest Euro Rate 29th August 2017 In Five Years

On the 29th August 2017 the Pound To Euro Exchange Rate hit its lowest point at 1.064 in the last five years. This of course meant right in the middle of the summer holidays consumers travelling to Europe where the Euro Currency is accepted would get a lot less in return on their British Pound especially if you weren’t shopping around for your Travel Money.

Fortunately, though as the summer came to an end the Pound To Euro Exchange Rate started to recover especially during the last month or so where the Bid For Independence By Catalan following a controversial referendum affected the Eurozone and of course the value of the Euro Currency.

If, the uncertainty over Catalonia continues to drag on for Spain and the European Union this of course will work in the favour of the British Pound and against the Euro Currency. It might even have an effect on the Brexit negotiations if the European Union continues to lose control over its members.

But, your guess is as good as mine as to what will happen in the coming months and next year for the Pound To Euro Exchange Rate. However, if you look at where we are now currently we are seeing similar exchange rates to 2013 or just below when exchanging from the British Pound to the Euro Currency.

If you are interested in looking at our Historical Euro Exchange Rate graphs we have data that goes back to 2011 which includes all other major currencies based on our Historical Exchange Rates from all our major Travel Money Companies listed on our comparison tables. For today’s Euro Rate just click here to get the best Euro Rate Today.

Posted by Adam Silveston

Adam manages the marketing for both Compare Holiday Money and Currency Buy Back, assisting the team in developing brand awareness and the services that each website provides. He joined the team in 2011 and is responsible for content creation, social media and building relationships with new travel industry contacts and guest travel bloggers.

Related Posts

Leave a Reply

Your email address will not be published.