GBP to EUR 2026 Forecasts & Latest Rates

GBP to EUR Forecast & Outlook

03 Aug 2026 • 00:25 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 close to recent highs near the 90-day average within a very stable range. The pair’s position is supported by risk-off sentiment and the fragility of market conditions. Over the next few sessions, this stability may continue, but downside pressure may develop if risk appetite remains limited and safe-haven flows persist.

💸 Transfer implications

Expats: sending money to Europe may find current exchange conditions slightly less favourable if the pair declines.
Travellers: exchanging euros locally or loading currency cards could face less attractive rates if the pair erodes.
Businesses: paying invoices in euros might encounter increased costs if the pound weakens further.

🧭 Key drivers

Rate gap: The UK’s Bank of England has kept policy on hold, maintaining a near-neutral rate differential with the eurozone.
Risk/commodities: Ongoing risk-off sentiment supports safe-haven currencies and pressures risk-sensitive FX.
Global factors: The euro is being influenced by ECB cautious stance and Eurozone economic weakness.

⚠️ What could change it

Upside risk: A shift towards more optimistic risk sentiment could support the pair and limit downside.
Downside risk: Escalation in global risk-off conditions may deepen the euro’s resilience and push the pair lower.

BER suggests monitoring risk sentiment closely. Comparing FX providers may help offset less favourable exchange conditions.

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 1.1687 is just 0.6% above its 3-month average of 1.1618, having traded in a very stable 3.0% range from 1.1462 to 1.1811

02-AUG 8PM-NY 03-AUG 1AM-LON 8AM-HK 10AM-SYD

Tracker

Manage Tracker

1 EUR = 0.8561 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
20 Jul 2026	1.1765	0.7% ▼	2 Week
05 May 2026	1.1582	0.9% ▲	3 Month
03 Aug 2025	1.1470	1.8% ▲	1 Year
04 Aug 2021	1.1733	0.4% ▼	5 Year
05 Aug 2016	1.1791	0.9% ▼	10 Year
08 Aug 2006	1.4848	21.3% ▼	20 Year

GBP/EUR historic rates & change to 03-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.

Track Rate

Manage Tracker