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    EUR to GBP 2024 Forecasts

    Analysis of recent Euro → Sterling forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Euro to Pound Sterling performance and trends.

     

    Forecasts for EUR to GBP

     

    Based on recent exchange rate analyst forecasts and currency market updates, the EUR to GBP exchange rate is currently trading near 14-day highs at around 0.8563, just below its 3-month average. The pair has been relatively stable, fluctuating within a narrow range of approximately 2.4% from 0.8505 to 0.8713. The Euro has been supported by fading expectations of ECB rate cuts, with the central bank potentially delaying any rate adjustments until June, which has underpinned the common currency. However, concerns about a potential Eurozone recession and economic weakness could weigh on the EUR exchange rates.

    On the other hand, the Pound has been experiencing volatility amid unclear signals from the Bank of England (BoE) regarding interest rate cuts. GBP traded mixed following BoE Governor Andrew Bailey's testimony, where he refrained from commenting on the timing of rate adjustments, leading to uncertainty. With upcoming factors such as the CBI industrial trends data release and the potential impact of the UK general election in 2024, the Pound's movements could be further influenced by political and monetary policy developments. HSBC's cautious outlook on both the EUR and GBP suggests a possible reversion lower in the near future.

    Additionally, the interaction between the EUR/USD and GBP/USD pairs, influenced by similar economic factors, could play a role in shaping the direction of the EUR to GBP exchange rate. Despite the stable performance of the Euro against the Dollar and recent uptrend in the GBP, the market remains sensitive to various uncertainties, including potential monetary policy changes from central banks and broader economic conditions. Oil price movements, with OIL to USD trading at 82.50, 4.0% above its 3-month average, could also have an impact on the Euro's performance as oil prices often influence the Eurozone economy. Traders and businesses involved in EUR to GBP transactions should stay abreast of these factors to make informed decisions and mitigate risks associated with currency fluctuations.

     
    @bestfxrates : EUR/GBP near 14-day peak at 0.8563, hovering close to 3-month avg. Stability aided by ECB's delayed rate cut speculations. Yet, Eurozone economic fears loom. GBP sees volatility with BoE rate direction unclear. HSBC hints at a potential dip ahead. Watch for CBI data & UK election impacts. #EURGBP #ForexMarket

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    EUR to GBP Market Data

    Euro (EUR) to Pound Sterling (GBP) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 EUR =
    0.8565We compare provider deals to this wholesale mid-market rate. Read more
    GBP
    -0.0%
    📈2W
    EUR to GBP is at 14-day highs near 0.8563, just below its 3-month average, having traded in a very stable 2.3% range from 0.8505 to 0.8701
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    Compare & Save - Euro to Pound Sterling

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Euro (EUR) to Pound Sterling (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.

     
    DateEUR/GBPChangePeriod
    07 Feb 2024
    0.8534
    0.3% 2 Week
    23 Nov 2023
    0.8701
    1.6% 3 Month
    21 Feb 2023
    0.8796
    2.7% 1 Year
    22 Feb 2019
    0.8686
    1.4% 5 Year
    23 Feb 2014
    0.8260
    3.7% 10 Year
    26 Feb 2004
    0.6684
    28.1% 20 Year
    EUR/GBP historic rates & change to 21-Feb-2024
     

    Will the Euro rise against the Pound Sterling?

    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.

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    Read our Currency guide to the United Kingdom - a practical currency and money guide to travel, living and doing business in the United Kingdom with the Pound Sterling.

     
     

    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