Pound to euro exchange rate october 2016

When Britain voted to leave the EU in June the pound crashed against the euro — but what's happened since Brexit was confirmed and Article 50 triggered?

Foreign Exchange Rate Forecasts

We take a look. It was confirmed yesterday - At midnight on March 29, Britain will leave the European Union. The news comes after Theresa May officially began the Brexit process by triggering Article 50 — but how has the pound held up? The market was shocked that Leave won June's referendum on Britain's place in Europe, seeing traders rush to sell of sterling and the pound crash to 30 year lows, but nothing unexpected happened today.

Sadly, while the news of the process formally beginning has hardly raised an eyebrow from interested traders, the pound is well down on its position before the referendum happened.

Over the past few months, the pound has risen at every hint that we might be able to stay inside the single market, and fallen every time people have hinted we won't.

The movement of the pound in the months and years that Brexit is negotiated is likely to be linked to how close to a 'soft' pound rises or 'hard' pound falls Brexit we arrive at. That means from now on, information coming from the EU as well as the UK regarding the negotiations will be as important as each other in seeing the pound move against the euro.

But that doesn't mean you're powerless when it comes to getting the best deal on your holiday money. No matter what happens over the next few weeks, you still need to make sure you're not being ripped off on the exchange rate you're getting.

Here are FairFX 's tips on getting the best exchange rate you can:. Pre-load a prepaid currency card to lock in rates and protect yourself from any potential further decline.

Instead, use a specialist currency card or a card designed for overseas spendin. Always use local currency: If you have the option of paying — or withdrawing cash — in pounds rather than the local currency, always say no. Check out any travel money anomalies before you travel. My Account Subscriptions Sign Out. Video Loading Video Unavailable.

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British Pound to Euro Exchange rate history: 26 October (26/10/)

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British Pound to Euro Exchange rate history: 20 October (20/10/)

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Head to central London tomorrow to relive it all. You only have months left to cash in your round Pound stash before they become useless The familiar round Pound will start disappearing now the new sided version has arrived. Royal Mint There are FIFTY-FOUR different 50p coins in circulation and some are worth more than you'd think If you've a pocket full of change, dig them out, as your silvers could be worth A LOT.

But unless you know who to contact, you're unlikely to get the payout you deserve. Follow us facebook twitter pinterest instagram.

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