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Currencies Direct Average bank
Rate 1.25 1.22
Fee £0 £20
You pay £80,328 £81,742

*Rates as of 1 October 2014, based on buying €100,000 with GBP

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Euro drops to two-year low ahead of ECB meeting

Divergence in monetary policy between economies continues to be the major theme in world markets as Europe and Japan are looking to add further stimulus to try and evade deflation.