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    Currency outlook GBP/EUR

    GBP to EUR Forecast & Outlook

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

    GBP to EUR Forecast & Outlook

    08 Aug 2026 • 00:27 GMT

    GBP/EUR 1.1670

    Forecast snapshot

    Quick GBP/EUR forecast

    Near-term bias⚪ Range-bound
    Expected rangeN/A
    Dominant driver🌍 Global risk sentiment
    3-month trend🟢 Uptrend

    Currently, GBP/EUR is trading near its 90-day average, holding just above 1.1670, within a narrow 3% range. The pair is supported by risk-off conditions and a sideways negative bias. Over the next few sessions, the pair may remain sensitive to shifts in global risk sentiment and currency movements, although current macro trends suggest limited directional change in the near term.

    💸 Transfer implications

    • Expats: sending money to Euro zone countries may find conditions slightly less favourable than recent levels.
    • Travellers: exchanging currency could face support for GBP, but gains may be limited.
    • Businesses: paying overseas invoices in Euros might encounter ongoing stability, with little immediate advantage from recent rate moves.

    🧭 Key drivers

    • Rate gap: The UK’s monetary policy outlook and yield gap remain narrow, contributing to a range-bound pair.
    • Risk/commodities: Global risk-off sentiment continues to support safe havens and pressure risk-sensitive currencies.
    • Global factors: Geopolitical tensions and US Federal Reserve rate expectations influence overall risk appetite.

    ⚠️ What could change it

    • Upside risk: A shift towards reduced global risk aversion could boost GBP and push the pair higher.
    • Downside risk: Increase in geopolitical tensions or a widening rate differential could weaken GBP further.

    BER suggests shopping around for the lowest margin provider may help reduce overall 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.

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    Rate direction

    GBP to EUR market data

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

    Sell GBP   →   Buy EUR
    1 GBP =
    1.1669We compare provider deals to this wholesale mid-market rate. Read more
    EUR
    1D0.0%⬦
    GBP to EUR at 1.1670 is just above its 3-month average, having traded in a very stable 3.0% range from 1.1462 to 1.1811
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      1 EUR = 0.8569 GBP
     

    Will the British pound rise against the Euro?

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

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

    DateGBP/EURChangePeriod
    24 Jul 2026
    1.1708
    		0.3% ▼2 Week
    09 May 2026
    1.1566
    		1% ▲3 Month
    07 Aug 2025
    1.1520
    		1.4% ▲1 Year
    08 Aug 2021
    1.1802
    		1.1% ▼5 Year
    09 Aug 2016
    1.1699
    		0.2% ▼10 Year
    12 Aug 2006
    1.4845
    		21.3% ▼20 Year
    GBP/EUR historic rates & change to 07-Aug-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 GBP/EUR to your personalised Rate Tracker to track and benefit from currency movements.

     
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