GBP to EUR 2026 Forecasts & Latest Rates

GBP to EUR Forecast & Outlook

01 Aug 2026 • 00:25 GMT

Forecast snapshot

Quick GBP/EUR forecast

Near-term bias🔴 Mild downside

Expected range1.1440 – 1.1690

Dominant driver🌍 Global risk sentiment

3-month trend🟢 Uptrend

Currently, GBP/EUR is trading close to its 90-day average around 1.1686, within a recent range. The pair is supported by risk-off sentiment, which tends to weigh on the pound. Over the next few sessions, it may remain sensitive to global risk conditions and UK economic data, potentially seeing further pressure if safe-haven flows persist.

💸 Transfer implications

Expats: sending money to Eurozone countries may find current levels less favourable than recent levels if the pair continues to weaken.
Travellers: exchanging currency might see slightly higher costs for Euro, especially if the pair declines further.
Businesses: paying Euro invoices in GBP could face increased expenses if the trend persists.

🧭 Key drivers

Rate gap: The UK’s rate policy remains cautious, supporting an overall yield gap that favors the euro.
Risk/commodities: Ongoing risk-off conditions favor safe-haven currencies and pressure risk-sensitive FX.
Global factors: Geopolitical tensions and energy prices influence short-term risk perception and currency stability.

⚠️ What could change it

Upside risk: A shift in global risk sentiment toward optimism could support the pound.
Downside risk: Escalating geopolitical conflicts or persistent risk aversion may deepen euro strength and GBP weakness.

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.

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

1D0.0%⬦

GBP to EUR at 1.1686 is just 0.6% above its 3-month average of 1.1616, having traded in a very stable 3.0% range from 1.1462 to 1.1811

31-JUL 8PM-NY 01-AUG 1AM-LON 8AM-HK 10AM-SYD

Tracker

Manage Tracker

1 EUR = 0.8557 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
17 Jul 2026	1.1756	0.6% ▼	2 Week
02 May 2026	1.1577	0.9% ▲	3 Month
31 Jul 2025	1.1564	1% ▲	1 Year
01 Aug 2021	1.1710	0.2% ▼	5 Year
02 Aug 2016	1.1892	1.7% ▼	10 Year
05 Aug 2006	1.4807	21.1% ▼	20 Year

GBP/EUR historic rates & change to 31-Jul-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