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    Currency outlook GBP/EUR

    GBP to EUR Forecast & Outlook

    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

    29 Jul 2026 • 00:25 GMT

    GBP/EUR 1.1669

    Forecast snapshot

    Quick GBP/EUR forecast

    Near-term bias🔴 Mild downside
    Expected range1.1260 – 1.1670
    Dominant driver🌍 Global risk sentiment
    3-month trend🟢 Uptrend

    Currently, GBP/EUR is trading near recent lows around 1.1669, just above its 3-month average of 1.1612. The pair remains supported by risk-off sentiment and the risk-averse atmosphere, which generally pressure the British Pound. Over the next few sessions, the pair could face pressure if risk conditions persist, making downside risks more likely for the near term.

    💸 Transfer implications

    • Expats: sending money to Euro countries may find current rates less favourable than recent levels if the pair weakens further.
    • Travellers: buying Euro cash might see the rate supported but could face less advantageous rates if GBP weakness continues.
    • Businesses: paying Euro invoices in GBP may encounter less favourable exchange conditions for overseas invoices if the pair drifts lower.

    🧭 Key drivers

    • Rate gap: The UK and Eurozone policy divergence keeps the GBP near its 90-day average, supported by UK rate hikes but limited by global risk off.
    • Risk/commodities: Elevated risk-off flows, driven by geopolitical tensions and US dollar strength, are supporting safe havens and pressuring GBP.
    • Global factors: Heightened geopolitical tensions and US Federal Reserve rate hike expectations continue to reinforce risk-averse market conditions.

    ⚠️ What could change it

    • Upside risk: A shift in global risk appetite or a reduction in geopolitical tensions could improve the GBP outlook.
    • Downside risk: Unexpected worsening of risk-off conditions or renewed UK political stability concerns could weaken GBP further.

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

    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.

    Sell GBP   →   Buy EUR
    1 GBP =
    1.1657We compare provider deals to this wholesale mid-market rate. Read more
    EUR
    1D−0.2%▼
    GBP to EUR is at 14-day lows near 1.1669, just 0.5% above its 3-month average of 1.1612, having traded in a very stable 3.0% range from 1.1462 to 1.1811
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      1 EUR = 0.8579 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.

    DateGBP/EURChangePeriod
    15 Jul 2026
    1.1803
    		1.2% ▼2 Week
    30 Apr 2026
    1.1597
    		0.6% ▲3 Month
    29 Jul 2025
    1.1561
    		0.9% ▲1 Year
    30 Jul 2021
    1.1715
    		0.4% ▼5 Year
    31 Jul 2016
    1.1826
    		1.4% ▼10 Year
    03 Aug 2006
    1.4743
    		20.9% ▼20 Year
    GBP/EUR historic rates & change to 29-Jul-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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