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    GBP to EUR Forecasts

    Analysis of recent sterling→euro forecasts. We collate forecasts from respected FX analysts together with the latest GBP to EUR performance and trends.


    Forecasts for GBP to EUR

    GBPEUR chart
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    Recent exchange rate analyst forecasts and currency market updates suggest a turning point for the GBP to EUR exchange rate. HSBC and Barclays, two major British banks, have signaled a shift in their outlook on the Pound, with both being less bullish on the currency. HSBC, in particular, had been optimistic about the GBP and EUR since November 2022 but now believes that the rally in each currency has played out and expects a reversion lower in the months ahead.

    HSBC points to declining consumer confidence in both the UK and Eurozone, which tends to precede macroeconomic underperformance. This change in sentiment reflects the ongoing uncertainty surrounding Brexit negotiations and the detrimental economic impact of the UK's departure from the EU. Additionally, the GBP/USD exchange rate, often used as a benchmark for other currency pairs, including the EUR/USD, is known for its high volatility, which can be influenced by economic data releases, political events, and changes in central bank policy.

    Looking at the recent GBPEUR price data, the exchange rate is currently at 1.1547, just 0.7% below its three-month average of 1.1632. It has traded within a stable range of 2.4% from 1.1477 to 1.1747. As for the euro, its value can be impacted by oil price movements. In recent Brent Crude OIL/USD price data, oil is currently at 95.38, which is 11.7% above its three-month average of 85.37, having experienced significant volatility within a range of 33.7% from 72.26 to 96.61.

    Given these factors and the market view, it is anticipated that the GBP to EUR exchange rate may experience a downward movement in the coming months. However, it is important to note that exchange rates are influenced by numerous factors, and unexpected events can always lead to deviations from forecasts.

    Compare & Save - Pound Sterling to Euro

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (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.

    @bestfxrates : #GBP to #EUR exchange rate predictions hint at a possible downturn. HSBC and Barclays have lowered optimism for the Pound, indicating a potential decline ahead due to decreased consumer confidence from ongoing Brexit issues. Recent GBPEUR at 1.1547, just 0.7% under 3-month avg. #forex

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    GBP to EUR Market Data

    Pound Sterling (GBP) to Euro (EUR) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 GBP =
    1.1528We compare provider deals to this wholesale mid-market rate. Read more
    GBP to EUR at 1.1528 is just 0.9% below its 3-month average of 1.1631, having traded in a very stable 2.4% range from 1.1477 to 1.1747
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    15 Sep 2023
    0.7% 2 Week
    01 Jul 2023
    1% 3 Month
    29 Sep 2022
    1.4% 1 Year
    30 Sep 2018
    2.6% 5 Year
    01 Oct 2013
    3.6% 10 Year
    04 Oct 2003
    19.5% 20 Year
    GBP/EUR historic rates & change to 29-Sep-2023

    Will the Pound Sterling rise against the Euro?

    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 BER Smart Rate Tracker to track and benefit from currency movements.

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    Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.


    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