GBP to EUR 2026 Forecasts & Latest Rates

GBP to EUR Forecast & Outlook

13 Aug 2026 • 00:25 GMT

Forecast snapshot

Quick GBP/EUR forecast

Near-term bias🔴 Mild downside

Expected range1.1600 – 1.1810

Dominant driver🌍 Global risk sentiment

3-month trend🟢 Uptrend

Currently, GBP/EUR is trading close to 14-day highs near 1.1710, slightly above its 3-month average of 1.1632. The pair remains within a narrow 3.0% range, supported by risk-off sentiment. However, the dominant driver of risk sentiment and safe-haven flows suggests the pair could face downward pressure in the near term. Near-term conditions suggest the pair may remain supported but could be vulnerable if risk appetite improves.

💸 Transfer implications

Expats: sending money to Euro countries may find current levels less favourable than recent ones if downward moves persist.
Travellers: buying Euro cash or loading currency cards may see slightly less value if the pair declines.
Businesses: paying Euro invoices with GBP could face higher costs if sterling weakens further.

🧭 Key drivers

Rate gap: The UK’s cautious monetary stance and political uncertainty pressurize sterling, narrowing the yield gap with the euro.
Risk/commodities: Safe-haven flows into USD, CHF, and JPY are supported by geopolitical tensions and US dollar strength.
Global factors: Geopolitical tensions and US dollar strength remain the most significant macro influences on market sentiment.

⚠️ What could change it

Upside risk: A shift in risk sentiment toward improved global stability could support GBP/EUR.
Downside risk: Escalating geopolitical tensions or stronger safe-haven flows could deepen the pair's decline.

Finding providers with lower margins can help 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.

Compare before you exchange

Compare GBP to EUR rates

Check today’s provider offers alongside the market outlook before you make a transfer.

GBP/EUR exchange-rate comparison Compare rates and typical FX costs

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 = EUR

1D+0.1%▲

GBP to EUR is at 14-day highs near 1.1710, just 0.7% above its 3-month average of 1.1632, having traded in a very stable 3.0% range from 1.1462 to 1.1811

12-AUG 8PM-NY 13-AUG 1AM-LON 8AM-HK 10AM-SYD

Tracker

Manage Tracker

1 EUR = 0.8546 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.

Date	GBP/EUR	Change	Period
30 Jul 2026	1.1681	0.2% ▲	2 Week
15 May 2026	1.1467	2.1% ▲	3 Month
13 Aug 2025	1.1598	0.9% ▲	1 Year
14 Aug 2021	1.1754	0.4% ▼	5 Year
15 Aug 2016	1.1521	1.6% ▲	10 Year
18 Aug 2006	1.4679	20.2% ▼	20 Year

GBP/EUR historic rates & change to 13-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.

Track Rate

Manage Tracker