GBP to EUR 2026 Forecasts & Latest Rates

GBP to EUR Forecast & Outlook

30 Jul 2026 • 00:26 GMT

Forecast snapshot

Quick GBP/EUR forecast

Near-term bias🔴 Mild downside

Expected range1.1260 – 1.1660

Dominant driver🌍 Global risk sentiment

3-month trend🟢 Uptrend

Currently, GBP/EUR is trading near 1.166, close to its 14-day lows and just above the 90-day average. Risk sentiment remains pressured by geopolitical tensions and UK political uncertainty, supporting safe-haven inflows into the euro. Over the next few sessions, the pair may face downward pressure, with near-term conditions suggesting a weaker British Pound relative to the euro.

💸 Transfer implications

Expats: sending money to the Euro zone may find current levels less favourable if the pair weakens further.
Travellers: exchanging currency may see fewer euros for each pound if the pair declines.
Businesses: paying invoices in euros could face higher costs if the pair remains under pressure.

🧭 Key drivers

Rate gap: UK monetary policy and inflation pressures keep the pound under relative stress.
Risk/commodities: Risk-off flows boost the euro, supported by geopolitical tensions and energy price pressures.
Global factors: Safe-haven demand grows amid geopolitical tensions, reinforcing euro strength.

⚠️ What could change it

Upside risk: UK monetary easing or reduced political uncertainty could support Sterling gains.
Downside risk: Further escalation of geopolitical tensions or energy price shocks could deepen risk aversion and weaken the pound further.

BER suggests comparing FX providers to help offset less favourable exchange rates and keep transfer costs manageable.

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 is at 14-day lows near 1.1657, just above its 3-month average, having traded in a very stable 3.0% range from 1.1462 to 1.1811

29-JUL 8PM-NY 30-JUL 1AM-LON 8AM-HK 10AM-SYD

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1 EUR = 0.8561 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
16 Jul 2026	1.1776	1% ▼	2 Week
01 May 2026	1.1578	0.7% ▲	3 Month
30 Jul 2025	1.1599	0.5% ▲	1 Year
31 Jul 2021	1.1717	0.5% ▼	5 Year
01 Aug 2016	1.1806	1.3% ▼	10 Year
04 Aug 2006	1.4787	21.2% ▼	20 Year

GBP/EUR historic rates & change to 30-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.

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