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GBP to EUR 2026 Forecasts

Analysis of recent sterling → euro forecasts for 2026. We collate forecasts from respected FX analysts together with the latest British pound to Euro performance and trends.

 

The current market bias for the GBP to EUR exchange rate is range-bound. Key drivers include the Bank of England's expected interest rate cuts, forecasted to drop to 3.25% this year, while the European Central Bank maintains a watchful eye on economic data with a flexible interest rate approach. Additionally, UK inflation is declining, which may pressure the pound further.

In the near term, the GBP to EUR rate is expected to remain stable between recent highs and averages, reflecting a narrow trading range. Upside risks include signs of stronger economic performance in the Eurozone due to fiscal measures and growth projections. Conversely, downside risks arise from ongoing fiscal concerns in the UK, such as a slowdown in growth and uncertainty around tax policy, which may weaken the pound further.

Recent price data show GBP to EUR is near 1.1485, slightly above the 3-month average, and oil prices have been volatile, which can impact euro strength indirectly.

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 =
1.1486We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d0.0%⬦
60dHighs◓
GBP to EUR is at 60-day highs near 1.1485, just above its 3-month average, having traded in a stable 1.8% range from 1.1322 to 1.1526
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  1 EUR = 0.8706 GBP

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
19 Dec 2025
1.1424
0.4% ▲2 Week
04 Oct 2025
1.1482
0.2% ▼3 Month
02 Jan 2025
1.2057
4.9% ▼1 Year
03 Jan 2021
1.1168
2.7% ▲5 Year
05 Jan 2016
1.3650
16% ▼10 Year
07 Jan 2006
1.4543
21.2% ▼20 Year
GBP/EUR historic rates & change to 02-Jan-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