GBP to EUR 2026 Forecasts & Latest Rates

GBP to EUR Forecast & Outlook

07 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 close to its 90-day average, supported by risk-averse sentiment and safe-haven flows. The pair remains within its recent range but is trading near recent highs. Over the next few sessions, risk-off conditions suggest the pair may face pressure and could consolidate or weaken slightly amid geopolitical tensions.

💸 Transfer implications

Expats: sending money to Eurozone countries may find conditions less favourable than recent levels if GBP weakens further.
Travellers: buying Euro cash or loading currency cards might see slightly higher costs if the pair dips.
Businesses: paying Euro invoices with GBP could encounter marginally less advantageous rates if the pair starts to consolidate or decline.

🧭 Key drivers

Rate gap: The Bank of England's pause in rate hikes versus the European Central Bank's cautious stance creates a near-neutral policy differential.
Risk/commodities: Elevated geopolitical tensions and safe-haven flows support the euro and pressure the pound.
Global factors: Continued risk-off sentiment driven by geopolitical risks and flashpoints contributes to current FX moves.

⚠️ What could change it

Upside risk: A sudden easing of geopolitical tensions or stabilisation in risk sentiment may support GBP steadiness or strength.
Downside risk: Further escalation of geopolitical risks or worsening economic data in the UK could deepen pound weakness.

BER suggests monitoring global risk conditions and comparing FX providers to help manage transfer costs amid current market 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.

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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+0.2%▲

GBP to EUR at 1.1675 is just above its 3-month average, having traded in a very stable 3.0% range from 1.1462 to 1.1811

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1 EUR = 0.8565 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
24 Jul 2026	1.1708	0.3% ▼	2 Week
09 May 2026	1.1566	1% ▲	3 Month
07 Aug 2025	1.1520	1.4% ▲	1 Year
08 Aug 2021	1.1802	1.1% ▼	5 Year
09 Aug 2016	1.1699	0.2% ▼	10 Year
12 Aug 2006	1.4845	21.3% ▼	20 Year

GBP/EUR historic rates & change to 07-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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