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GBP to EUR 2026 Forecasts

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 likely to decrease as it currently trades near recent lows and is positioned just below the 90-day average. Pressure from potential interest rate cuts by the Bank of England adds to the selling bias for the pound.

Key drivers:

  • Rate gap: The Bank of England's cautious stance on interest rates contrasts with a more aggressive approach by the US Federal Reserve, leading to downward pressure on the GBP.
  • Risk/commodities: With oil prices trading at highs, the strong USD typically strengthens against the GBP, influencing the GBP/EUR exchange rate negatively.
  • One macro factor: Recent retail sales data from the UK may heighten expectations for a rate cut by the Bank of England, potentially contributing to further losses for the pound.

Range:

The GBP/EUR rate is expected to drift within its recent stable range.

What could change it:

  • Upside risk: A reversal in rate cut expectations by the Bank of England could strengthen the pound.
  • Downside risk: Further weakening economic indicators or significant political instability in the UK could exacerbate downward pressure.

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 =
1.1441We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d0.0%⬦
60dLows◒
GBP to EUR is at 60-day lows near 1.1433, just below its 3-month average, having traded in a stable 2.0% range from 1.1365 to 1.1590
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  1 EUR = 0.8740 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.

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