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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

In the near term, GBP/EUR is trading close to the 90-day average and supported by the rate differential, but is facing downside pressure owing to risk-off conditions. The pair is consolidating within its recent range, with the dominant driver remaining the relative rate cuts between the BoE and ECB. Current risk conditions, with safe havens preferred, suggest the pair may remain supported at these levels but could face pressure if risk sentiment worsens further.

Transfer implications

  • Expats: sending money to Euro countries may find conversion rates less favourable than recent levels if GBP weakens.
  • Travellers: buying Euro cash or top-ups could see slightly less advantageous exchange rates, especially if the pair continues trending downward.
  • Businesses: paying Euro invoices in GBP might face higher costs if the pair drops further, reflecting a weaker GBP.

Key drivers

  • Rate gap: The BoE’s slower easing cycle versus the ECB’s rate hike expectations maintains the pair near recent highs.
  • Risk/commodities: Risk-off sentiment supports safe-havens, pressuring risk-sensitive currencies like GBP.
  • Global factors: Geopolitical tensions and energy shocks, with natural gas prices up 70%, threaten EUR stability and influence the pair.

What could change it

  • Upside risk: A potential easing of risk-off conditions or better UK economic data could support GBP strength.
  • Downside risk: Further escalation in geopolitical tensions or worsening energy prices could deepen GBP weakness.

BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs.

Forecast summary

  • GBP/EUR outlook: DOWN
  • Outlook display: Likely to fall
  • Medium-term: Likely to rise
  • Expected range: 1.1390–1.1600
  • Key driver: interest-rate differentials

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 =
1.1542We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d−0.1%
90dHighs
GBP to EUR at 1.1589 is just 0.8% above its 3-month average of 1.1492, having traded in a stable 1.9% range from 1.1381 to 1.1595
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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
27 Feb 2026
1.1410
1.6% 2 Week
13 Dec 2025
1.1393
1.8% 3 Month
13 Mar 2025
1.1937
2.9% 1 Year
14 Mar 2021
1.1656
0.5% 5 Year
15 Mar 2016
1.2744
9% 10 Year
18 Mar 2006
1.4403
19.5% 20 Year
GBP/EUR historic rates & change to 13-Mar-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