Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

Currency outlook GBP/EUR

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

23 Jul 2026 • 00:26 GMT

GBP/EUR 1.1720

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1260 – 1.1720
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🟢 Uptrend

Currently, GBP/EUR is trading close to 14-day lows near 1.1720, trading within its recent range and above the 3-month average of 1.1603. The pair’s weakness is supported by risk-off sentiment driven by geopolitical tensions and cautious global risk appetite. Over the next few sessions, the pair may remain pressured by safe-haven flows and risk sentiment, which could keep it trading near recent lows.

💸 Transfer implications

  • Expats: sending money to the Euro may find current levels less favourable if the pair weakens further.
  • Travellers: exchanging Euro cash could see fewer Euros for each Pound if the pair declines.
  • Businesses: paying Euro invoices with GBP may face more costly conversions if the pair sustains its downward pressure.

🧭 Key drivers

  • Rate gap: The UK’s rate gap with the Euro remains narrow, with UK monetary policy maintaining a cautious stance.
  • Risk/commodities: Risk-off conditions are supported by geopolitical tensions, boosting safe-haven currencies and pressuring GBP.
  • Global factors: Global risk sentiment remains cautious, with geopolitical tensions in the Middle East influencing demand for euros.

⚠️ What could change it

  • Upside risk: A shift in risk appetite and easing geopolitical tensions could push GBP/EUR higher.
  • Downside risk: Increased risk aversion or eurozone stability concerns could deepen the pair’s weakness.

BER suggests comparing FX providers to help offset less favourable conditions and possibly reduce 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.
 

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 =
1.1708We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d−0.1%▼
GBP to EUR is at 14-day lows near 1.1720, 1.0% above its 3-month average of 1.1603, having traded in a very stable 3.0% range from 1.1462 to 1.1811
|
Tracker

Manage Tracker   

  1 EUR = 0.8542 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
09 Jul 2026
1.1732
0.1% ▼2 Week
24 Apr 2026
1.1545
1.5% ▲3 Month
23 Jul 2025
1.1533
1.6% ▲1 Year
24 Jul 2021
1.1680
0.3% ▲5 Year
25 Jul 2016
1.1946
1.9% ▼10 Year
28 Jul 2006
1.4611
19.8% ▼20 Year
GBP/EUR historic rates & change to 23-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.

 
Track Rate
 

Manage Tracker   

 

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