Pound to euro exchange rate – what’s the exchange rate today and where’s the best place to buy currency?
The pound suffered greatly against the euro as Theresa May's Cabinet suffered mass resignations
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With Christmas on the way, a European getaway might be on the cards, so it is good to know you're getting value for money.
Here is our guide to what is happening in the euro currency market — and how to get the best price for your sterling.
What is today's pound to euro exchange rate?
The pound was trading at €1.12 at 8.20am on October 31, 2018.
The trading value continues to be affected by speculation over Brexit, and even the Government's "end of austerity" budget provided no real lift in the pound's value.
Actual rates for holidaymakers are significantly lower than market prices, but they broadly follow the trend.
Sterling had been on a very modest upward trend from August, but lost a large part of the value it had gained in mid-October.
Brexit jitters have persisted since Prime Minister Theresa May rejected the possibility of a people's vote on the final deal, and said she would push for a break with the EU even if it cost her the top job.
Bank of England governor Mark Carney in the past warned of an "uncomfortably high" risk of a disorderly Brexit and said banks must prepare for a recession.
The international trade secretary also said there was a 60-40 chance of "no deal" because of stubbornness in Brussels.
A weaker pound is better for British exports - but imports will cost more, potentially driving up inflation.
It also means your money doesn't stretch as far when going abroad on holiday.
The exchange rate had remained relatively stable for months following a more volatile period earlier in 2018.
Sterling dipped below €1.12 on March 7 and then reached almost €1.16 on April 17.
In August 2017 the rate briefly plunged under €1.08, the lowest for nearly a decade, but it quickly recovered.
Before the EU referendum in June 2016 a pound was trading for around €1.30. Sterling fell around 15 per cent after the result.
The highest rate in recent years was €1.42 in November 2015.
Where is the best place to get euros?
Euros can be bought at supermarkets, such as , as well as the and currency specialists – but rates vary massively.
The best rates can often be found at specialist online outlets, such as , which will deliver cash directly to your home.
Travellers can use comparison sites, like MoneySavingExpert's , to find the best rate.
You can always buy last-minute currency at the airport or withdraw cash at your destination, but it's almost always cheaper to buy before you go.