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EUR to GBP Forecasts – euro to British pound

Latest EUR to GBP forecasts including bank predictions, key market drivers and recent trends for EUR/GBP. See where analysts expect the pair to move and the factors likely to influence it.

 

EUR to GBP Forecast & Outlook

17 Jun 2026 • 00:26 GMT

EUR/GBP 0.8650

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 0.8580 – 0.8740
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🟢 Uptrend

Currently, EUR/GBP is trading close to 14-day highs near 0.8650, positioned just below its 3-month average. The pair is consolidating within its recent range, supported by risk-off sentiment that favors safe-haven currencies. Holding near recent highs, the pair could remain sensitive to shifts in global risk appetite over the next few sessions.

💸 Transfer implications

  • Expats: sending money to the UK may find conditions relatively supportable but face potential weakness if the pair declines.
  • Travellers: buying GBP cash might see limited advantage compared to recent levels if the pair remains stable.
  • Businesses: paying UK invoices in GBP could encounter less favourable exchange rates if the pair dips.

🧭 Key drivers

  • Rate gap: The UK’s economic contraction and cautious Bank of England outlook keep sterling under pressure while the euro benefits from ECB hawkish signals.
  • Risk/commodities: Risk-off conditions continue to support the euro and hurt risk-sensitive currencies, including GBP.
  • Global factors: Market focus on risk sentiment remains dominant, with safe-haven flows pressuring risk-sensitive FX.

⚠️ What could change it

  • Upside risk: A sudden easing of risk-off sentiment could support GBP, lifting the pair from current levels.
  • Downside risk: Deterioration in global risk appetite or sharper UK economic contraction could push EUR/GBP lower.

BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs. Comparing FX providers can help offset less favourable exchange conditions. Finding providers with lower margins can reduce total transfer costs.

 

GBPEUR Bank Forecasts to end of the year

According to recent forecasts, major banks expect the EUR/GBP pair to trend higher by the end of the year. This is primarily due to expectations of limited monetary action from the Bank of England and ongoing economic pressures on the UK. Rabobank anticipates the pair moving towards 0.89, while ING expects it to breach 0.88, with further gains projected as the year progresses. The collective view indicates a gradual strengthening of the euro against the pound.

Big bank views

  • Rabobank predicts EUR/GBP could reach 0.89 by year-end due to UK-specific risks and inflation concerns.
  • ING forecasts EUR/GBP to rise above 0.88 by year-end as domestic pressures on sterling strengthen the euro.
  • ING also projects a continuation of this trend into 2027, with EUR/GBP potentially reaching 0.90.

What could change the outlook

  • Significant policy shifts from the Bank of England could alter sterling's trajectory.
  • Unexpected geopolitical or economic disruptions impacting eurozone stability might slow the euro's gains.
 

EUR-GBP Rate Calculator

 
 
   
   
   
   
   
 
 

EUR to GBP Market Data

Euro (EUR) to British pound (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell EUR   →   Buy GBP
1 EUR =
0.8648We compare provider deals to this wholesale mid-market rate. Read more
GBP
1d+0.1%▲
EUR to GBP is at 14-day highs near 0.8650, just below its 3-month average, having traded in a stable 1.3% range from 0.8621 to 0.8735
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  1 GBP = 1.1563 EUR

Compare & Save - euro to British pound

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare euro (EUR) to British pound (GBP) rates from different sources before making a conversion.

Use our EUR to GBP calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Euro to Sterling currency rates and the possible savings of using various providers.

 
 

Will the Euro rise against the British pound?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the euro vs British pound current value is to look the EUR/GBP historic rate and change over a range of periods.

The following table looks at the change in the EUR to GBP exchange rate over periods from the previous week back to the last 10 years.

DateEUR/GBPChangePeriod
02 Jun 2026
0.8639
0.1% ▲2 Week
18 Mar 2026
0.8642
0% ▲3 Month
16 Jun 2025
0.8515
1.5% ▲1 Year
17 Jun 2021
0.8547
1.1% ▲5 Year
18 Jun 2016
0.7853
10.1% ▲10 Year
21 Jun 2006
0.6864
25.9% ▲20 Year
EUR/GBP historic rates & change to 16-Jun-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add EUR/GBP to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more