GBP to EUR 2026 Forecasts & Latest Rates

GBP to EUR Forecast & Outlook

06 Aug 2026 • 00:27 GMT

Forecast snapshot

Quick GBP/EUR forecast

Near-term bias🔴 Mild downside

Expected range1.1260 – 1.1660

Dominant driver🌍 Global risk sentiment

3-month trend🟢 Uptrend

Currently, GBP/EUR is trading close to its 30-day lows near 1.1655, just above its 3-month average, amid risk-off conditions driven by global geopolitical tensions and UK political uncertainty. Over the next few sessions, the pair may remain supported by safe-haven flows, but the overall downward bias suggests it could face pressure if risk sentiment improves.

💸 Transfer implications

Expats: sending money to the Eurozone may find current levels slightly less favourable than recent levels if the pair declines further.
Travellers: buying Euro cash or loading currency cards might experience less favourable exchange rates if the pair weakens.
Businesses: paying Euro invoices using GBP could see increased costs if the pair remains pressured.

🧭 Key drivers

Rate gap: The UK’s subdued monetary policy stance compared to the Eurozone supports the current bias.
Risk/commodities: Global risk-off sentiment favours safe-haven currencies, pressuring GBP/EUR.
Global factors: Heightened geopolitical risks and US Fed rate hike expectations influence both currencies and risk appetite.

⚠️ What could change it

Upside risk: A sudden easing of global geopolitical tensions or UK political stability could support the pound.
Downside risk: Escalation in geopolitical conflicts or worsening UK economic data could deepen the pair’s weakness.

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.

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1 GBP = EUR

1D−0.1%▼

GBP to EUR is at 30-day lows near 1.1655, 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 = 0.8580 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
23 Jul 2026	1.1702	0.4% ▼	2 Week
08 May 2026	1.1560	0.8% ▲	3 Month
06 Aug 2025	1.1453	1.8% ▲	1 Year
07 Aug 2021	1.1798	1.2% ▼	5 Year
08 Aug 2016	1.1759	0.9% ▼	10 Year
11 Aug 2006	1.4858	21.6% ▼	20 Year

GBP/EUR historic rates & change to 06-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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