GBP to EUR 2026 Forecasts & Latest Rates

GBP to EUR Forecast & Outlook

14 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 recent highs, holding just above its 3-month average and within its narrow 3.0% range. The pair is finding support around 1.1696, but the dominant driver of risk sentiment and global risk-off conditions suggests a softer near-term bias. Over the next few sessions, GBP/EUR may face pressure if safe-haven flows persist and risk appetite remains muted.

💸 Transfer implications

Expats: sending money to Euro zone countries may find current levels less favourable than recent levels if the pair weakens.
Travellers: exchanging to Euro cash might see slightly less favourable rates in the short term.
Businesses: payments in Euro could become more costly if the pound stays weak and the pair moves lower.

🧭 Key drivers

Rate gap: UK rate differentials are currently less supportive, contributing to a weaker pound.
Risk/commodities: heightened risk-off sentiment and geopolitical tensions underpin safe-haven flows.
Global factors: ongoing economic uncertainty around energy prices and geopolitical tensions influence overall market risk attitude.

⚠️ What could change it

Upside risk: a sudden easing of global risk conditions or UK political stability may support the pound.
Downside risk: a full escalation of geopolitical risks or energy disruptions could further pressure GBP/EUR.

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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 at 1.1696 is just 0.5% above its 3-month average of 1.1634, having traded in a very stable 3.0% range from 1.1462 to 1.1811

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1 EUR = 0.8543 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
31 Jul 2026	1.1687	0.1% ▲	2 Week
16 May 2026	1.1463	2.1% ▲	3 Month
14 Aug 2025	1.1612	0.7% ▲	1 Year
15 Aug 2021	1.1754	0.5% ▼	5 Year
16 Aug 2016	1.1556	1.2% ▲	10 Year
19 Aug 2006	1.4683	20.3% ▼	20 Year

GBP/EUR historic rates & change to 14-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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