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GBP to EUR Forecasts – British pound to euro

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

09 Apr 2026 • 00:26 GMT

GBP/EUR 1.1487

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1390 – 1.1600
  • Dominant driver: 🏦 Central bank policy divergence
  • 3-month trend: 🔴 Downtrend

Currently, GBP/EUR is trading close to recent highs around 1.1487, slightly below its 3-month average, supported by UK rate hike expectations. However, risk-off sentiment driven by geopolitical tensions and high energy prices is exerting pressure on the pair. Near-term conditions suggest that the pair may remain supported but could face downward pressure if risk appetite diminishes further.

💸 Transfer implications

  • Expats: sending money to the Euro zone may find current conditions slightly less favourable if GBP/EUR declines.
  • Travellers: purchasing euros might see less favourable rates if the pair weakens.
  • Businesses: paying euro invoices with GBP could experience increased costs if the pair weakens further in coming sessions.

🧭 Key drivers

  • Rate gap: The UK’s hawkish stance and expected rate hikes are influencing GBP/EUR, though the pair is near 90-day averages.
  • Risk/commodities: Elevated geopolitical risks and energy prices support GBP gains but also heighten risk-off flows.
  • Global factors: Middle East tensions and global energy market instability continue to support safe-haven currency flows, pressuring risk-sensitive FX.

⚠️ What could change it

  • Upside risk: a shift in risk sentiment towards more optimism could support GBP further.
  • Downside risk: escalation of geopolitical tensions or energy supply disruptions may push the pair lower.

BER suggests comparing FX providers to help offset less favourable conditions and reduce total transfer costs.

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 =
1.1480We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d+0.2%▲
GBP to EUR is at 7-day highs near 1.1487, just below its 3-month average, having traded in a stable 1.7% range from 1.1403 to 1.1595
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  1 EUR = 0.8711 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
26 Mar 2026
1.1560
0.7% ▼2 Week
09 Jan 2026
1.1522
0.3% ▼3 Month
09 Apr 2025
1.1707
1.9% ▼1 Year
10 Apr 2021
1.1517
0.3% ▼5 Year
11 Apr 2016
1.2473
7.9% ▼10 Year
14 Apr 2006
1.4470
20.6% ▼20 Year
GBP/EUR historic rates & change to 09-Apr-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