GBP to EUR 2026 Forecasts & Latest Rates

GBP to EUR Forecast & Outlook

04 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 near the top of its recent 3-month range, holding close to 1.1668. The pair is supported by risk-off conditions and eurozone economic concerns, keeping the rate cautious. Near-term conditions suggest the pair may remain supported within its recent range, but upside gains could face resistance if risk appetite improves.

💸 Transfer implications

Expats: sending money to Euro zones may find current exchange conditions slightly supportive of converting GBP to EUR.
Travellers: buying Euro cash or loading cards may see relatively stable rates but should watch for potential softness.
Businesses: paying Euro invoices in GBP may experience marginally less favourable conditions if the pair declines.

🧭 Key drivers

Rate gap: The Bank of England's cautious stance and UK economic uncertainty keep GBP under pressure versus the euro.
Risk/commodities: Risk-off sentiment and energy costs in the eurozone support EUR strength.
Global factors: Global risk aversion, driven by geopolitical tensions, remains a dominant influence on the pair.

⚠️ What could change it

Upside risk: A shift towards improved global risk appetite could lift GBP above current support levels.
Downside risk: Unexpected worsening of eurozone economic data or energy prices may deepen EUR gains and pressure GBP.

BER suggests monitoring risk conditions closely; comparing FX providers may help offset less favourable exchange levels.

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−0.1%▼

GBP to EUR at 1.1668 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 = 0.8573 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
20 Jul 2026	1.1765	0.7% ▼	2 Week
05 May 2026	1.1582	0.9% ▲	3 Month
03 Aug 2025	1.1470	1.8% ▲	1 Year
04 Aug 2021	1.1733	0.4% ▼	5 Year
05 Aug 2016	1.1791	0.9% ▼	10 Year
08 Aug 2006	1.4848	21.3% ▼	20 Year

GBP/EUR historic rates & change to 03-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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