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GBP to EUR Forecasts – British pound to euro

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

05 May 2026 • 00:26 GMT

GBP/EUR 1.1573

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1340 – 1.1570
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, GBP/EUR is trading near the 90-day average within its recent range, supported by risk-off sentiment from geopolitical tensions and risk concerns. Over the next few sessions, the pair might remain under pressure if risk aversion persists and safe-haven currencies stay supported, which could weigh on GBP.

💸 Transfer implications

  • Expats: sending money to the Eurozone may find current levels less favourable if GBP weakens further.
  • Travellers: exchanging GBP for Euros might see limited benefits if the pair remains pressured.
  • Businesses: paying Euro invoices with GBP could experience less advantageous rates if the pair continues to decline.

🧭 Key drivers

  • Rate gap: UK’s hawkish signals and rising bond yields are narrowing the rate gap, but the pair trades near its 3-month average.
  • Risk/commodities: Elevated geopolitical risks and risk-off flows are supporting safe havens, pressuring GBP.
  • Global factors: Broader risk sentiment, especially tensions around US-Iran and macroeconomic stability, dominate influences.

⚠️ What could change it

  • Upside risk: A reduction in geopolitical tensions or easing of risk-off conditions could reverse pressures on GBP.
  • Downside risk: Worsening international conflicts or unexpected UK economic data might accelerate GBP declines.

Shopping around for the lowest margin provider may help reduce overall transfer costs.

GBP-EUR Rate Calculator

 
 
   
   
   
   
   
 
 

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 =
1.1586We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d0.0%⬦
GBP to EUR at 1.1573 is just 0.5% above its 3-month average of 1.1511, having traded in a stable 1.7% range from 1.1403 to 1.1596
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  1 EUR = 0.8631 GBP

Compare & Save - British pound to euro

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

Use our GBP to EUR 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 Sterling to Euro currency rates and the possible savings of using various providers.

 
 

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
21 Apr 2026
1.1503
0.6% ▲2 Week
04 Feb 2026
1.1563
0.1% ▲3 Month
05 May 2025
1.1749
1.5% ▼1 Year
06 May 2021
1.1517
0.5% ▲5 Year
07 May 2016
1.2652
8.5% ▼10 Year
10 May 2006
1.4567
20.6% ▼20 Year
GBP/EUR historic rates & change to 05-May-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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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