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GBP to EUR Rates - 2026 Forecast

Analysis of recent sterling → euro forecasts for 2026. We collate forecasts from respected FX analysts together with the latest British pound to Euro performance and trends.

 

GBP/EUR Outlook:

The GBP/EUR exchange rate is slightly positive, trading near its 3-month average and at 14-day highs, buoyed by reduced expectations for a Bank of England (BoE) rate cut. Support is likely as UK inflation proves stickier compared to the Eurozone, strengthening the pound.

Key drivers:

• Rate gap: The BoE is expected to ease interest rates more slowly than the European Central Bank (ECB), which keeps the GBP competitive.

• Risk/commodities: With oil prices soaring above recent averages, the pound benefits from strengthened energy sectors.

• One macro factor: The services PMI report today may indicate robust activity in the UK, offering further support to GBP.

Range:

GBP/EUR is expected to hold within its recent range, potentially testing extremes as market conditions fluctuate.

What could change it:

• Upside risk: A surprisingly strong services PMI could boost GBP further.

• Downside risk: Renewed strong signals for a BoE rate cut could weaken GBP against EUR.

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 =
1.1489We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d+0.3%▲
14dHighs◓
GBP to EUR is at 14-day highs near 1.1501, near its 3-month average, having traded in a stable 1.8% range from 1.1381 to 1.1590
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  1 EUR = 0.8704 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
18 Feb 2026
1.1447
0.3% ▲2 Week
04 Dec 2025
1.1442
0.4% ▲3 Month
04 Mar 2025
1.2045
4.6% ▼1 Year
05 Mar 2021
1.1615
1.1% ▼5 Year
06 Mar 2016
1.2935
11.2% ▼10 Year
09 Mar 2006
1.4578
21.2% ▼20 Year
GBP/EUR historic rates & change to 04-Mar-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