Pound to euro exchange rate: GBP ‘notches second straight gain’ – should you buy euros?

Minimal change has been seen this week, when it comes to the pound to euro exchange rate. However, Wednesday saw GBP make some gains.

The pound is currently trading at 1.1163 against the euro, according to Bloomberg at the time of writing.

Today all eyes will be set to be on Chair of the Federal Reserve, Jerome Powell, who will speak at the virtual 2002 Jackson Hole economic policy symposium.

It’s something which may well impact the pound to euro exchange rate, Michael Brown, currency expert at Caxton FX, suggested.

The currency expert at the international payments and foreign exchange firm spoke to Express.co.uk about the latest exchange rate figures this morning.

He said: “Sterling notched its second straight gain against the euro yesterday, though trading conditions were once again marred by thinner than usual volumes – typical of the time of year.

“Looking ahead, the pound should continue to take its cue from shifts in global risk appetite, meaning that this afternoon’s remarks from Fed Chair Powell are the main event to look out for.”

So, what can Britons who want to buy travel money for their holidays expect today?

The Post Office is today offering an exchange rate of €1.0714 online, for more than £400.

Spending £500 or more enables individuals to access an online rate of €1.0869.

Should one spend £1,000 or more, the exchange rate changes to €1.0925. 

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