GBP to EUR 2026 Forecasts & Latest Rates

GBP to EUR Forecast & Outlook

12 Aug 2026 • 00:26 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 near 14-day highs around 1.1703, slightly above its 3-month average of 1.163. The pair has been consolidating within its recent range, supported by risk-off conditions and global geopolitical tensions. Over the next few sessions, the pair may face downward pressure as safe-haven flows persist, making near-term conditions slightly less favourable for the pound.

💸 Transfer implications

Expats: sending money to Euro-area countries may find current rates less favourable than recent levels if the pair declines.
Travellers: exchanging currency could see Euro purchases supported by market risk aversion.
Businesses: paying Euro invoices with GBP might encounter higher costs if GBP weakens further.

🧭 Key drivers

Rate gap: The UK’s monetary policy stance and yield differential are uncertain, adding to near-term volatility.
Risk/commodities: Market sentiment remains risk-off, pressured by geopolitical tensions and global uncertainty.
Global factors: US Federal Reserve's stance continues to influence risk appetite and FX flows.

⚠️ What could change it

Upside risk: Any easing in geopolitical tensions or UK political stability could bolster the pound.
Downside risk: Further global risk-off dynamics or rate cuts by the Bank of England might weaken GBP further.

Shopping around for lower margin providers 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.

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1 GBP = EUR

1D0.0%⬦

GBP to EUR is at 14-day highs near 1.1703, just 0.6% above its 3-month average of 1.163, having traded in a very stable 3.0% range from 1.1462 to 1.1811

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1 EUR = 0.8541 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
29 Jul 2026	1.1655	0.5% ▲	2 Week
14 May 2026	1.1483	2% ▲	3 Month
12 Aug 2025	1.1565	1.2% ▲	1 Year
13 Aug 2021	1.1754	0.4% ▼	5 Year
14 Aug 2016	1.1561	1.3% ▲	10 Year
17 Aug 2006	1.4717	20.4% ▼	20 Year

GBP/EUR historic rates & change to 12-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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