1. Exchange Rates
  2. Euro (EUR)
  3. British pound sterling (GBP)

Convert EUR to GBP at Best Exchange Rates


There are three amounts that you need to understand if you are to have any chance of getting the best possible EUR to GBP rate, these are :

  1. The EUR/GBP foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 Euro equals
British pound sterling 1=


Right now the EUR/GBP market rate is and represents how many British pound sterling you can get for one Euro. You can calculate with the current mid-rate using our EUR to GBP calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same EUR/GBP market rate I see on Google or in the Media?

When you look up the current Euro to British pound sterling exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

EUR to GBP mid-rate on google

EUR to GBP mid-rate on google search

Getting a great EUR to GBP mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below EUR to GBP calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Euro cross rates and reviews of leading foreign exchange providers versus the Banks.

EUR to GBP mid-rate calculator

£
1 EUR equals
GBP 1EUR=GBP


Compare rates for: Currency Exchange or Foreign Transfers
Loading EUR/GBP Chart

Euro - market update

The euro was the best performing G10 in 2017 and was broadly stable in early 2018.

In the seven-week period between January 1st and February 15th (the time of this report), EUR/USD threatened 1.25 multiple times – a level not seen since 2014 – but appears to have met resistance at this level. It should be said that much of EUR/USD's recent rally is a result of broad US dollar weakness, rather than of broad euro strength.

Entering 2018, forecasts for EUR/USD ranged between 1.15 and 1.3. A more recent judgement on the pair came in February from Jens Nordvig, founder of Exante Data, who said that “dips [in EUR/USD] should be used to add to long exposure.” Nordvig declined from giving any precise upside targets.

Against sterling, the euro is little changed since the summer of last year. A EUR/GBP rate of 0.8855 in mid-February was more or less identical to that in mid-September, five months earlier.

Entering 2018, Danske Bank forecast EUR/GBP at 0.86 at year-end, while UBS forecast a much higher rate of 0.95.

By mid-February, the euro was marginally down on the year against the yen, at rates in the high 132s.

Significant bullish news for the euro in early 2018 came from Germany, with Angela Merkel’s CDU-CSU party bloc achieving a breakthrough in coalition talks with the Social Democrats, which reduced political uncertainty in Europe’s largest economy.

British pound sterling - market update

Like most currencies, the British pound was strong against the US dollar in early 2018. GBP/USD climbed in late January to a 19-month high of 1.434; then, in line with the broader market for dollar pairs, GBP/USD fell slightly to 1.4 by mid-February.

Against the euro, the pound is little changed since the summer of last year. A GBP/EUR rate of 1.129 in mid-February was more or less identical to that in mid-September, five months earlier.

Brexit continues to be a key driver of GBP rates. Sterling was supported in January after news broke that the Netherlands and Spain had agreed to seek a Brexit deal that would keep Britain as close to the EU as possible – indicative of a softer Brexit. It was then hit in the second week of February when the EU’s chief Brexit negotiator warned that a transitional deal between the EU and the UK was “not a given,” as some investors had come to believe.

2018 Forecasts: At the turn of the year, the majority of banks were forecasting year-end rates for GBP/USD between 1.30 and 1.35. Far more optimistic was ING, which believed sterling would rally to buy 1.5 US dollars by year-end. ING cited the return of broad US dollar weakness, a “positive re-appraisal of the UK economic outlook” and a likely “hawkish re-pricing of Bank of England policy expectations” as reasons for bullishness.

For GBP/EUR, Danske Bank predicted 1.16 for year-end, while UBS went with a much lower rate of 1.05.

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