This Euro report will address the factors that could have an effect on exchange rates over the coming months. The table below looks at the difference between the rate you would have achieved when purchasing £200,00.00 at the low and high levels during the past week.

Currency Pair% ChangeDifference on £200,000
Concerns over Italian deficit

Euro exchange rates expectations

During the course of the trading year Sterling exchange rates have dropped against the Euro by 5.42% at the time of writing this report.

This drop is the equivalent of roughly an extra £9000 on a sale of €200,000 that has been gained for those that have sold their overseas property and are due to bring the money back.

With interest rates as they are these days this is not a return to be sniffed at, and with the Brexit negotiations so far seemingly progressing well I am not totally convinced that these levels will stick around for sellers throughout 2018.

There are many analysts that believe Sterling will hit parity against the Euro next year, which could not be ruled out if Brexit talks hit big problems, but in my opinion both sides have too much to lose and merely a few weeks ago the slightest hint of positive progression led to the Pound gaining value.

Should we see further positive news once trade deal negotiations begin, then these fantastic levels for Euro sellers may not be around for long so if you are in the position that you need to sell Euros in the coming months then it may be prudent to consider taking advantage of the gains you have made in the past 12 months.

Catalonia vote

Yesterday we had a key vote in Catalonia and despite the Unionist Citizens party becoming the largest single party in Parliament, they did not win enough to form a majority with other parties in favour of Catalonia remaining a part of Spain.

This news did very little to the Euro exchange rate overnight, however it does appear that this is a problem for Spain and indeed the Eurozone that is not going to go away anytime soon.

We have seen clashes on the streets in Spain over the past few months and tensions are clearly high over the subject, I expect to see further issues surrounding Catalonia during 2018 and this will more than likely put pressure on Euro exchange rates.

If you would like to be kept fully up to date with market movements then feel free to get in contact with your trader at FCD today, you can set rate alerts, discuss any pending exchanges and get an up to date overview on matters that may impact your exchange rate. For more information please don't hesitate to get in touch on 01494 725 353 or email me here.


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Exchange rates on this page are interbank rates and indicate where the market is trading to show the performance of a currency pair. They are not indicative of the rates which we offer. The information on this web site is provided free of charge for information purposes only. It does not constitute advice to any person on any matter. Foreign Currency Direct plc. ("FCD") makes every reasonable effort to ensure that this information is accurate and complete but assumes no responsibility for and gives no warranty with regard to the same.