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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

01 Jul 2026 • 00:25 GMT

GBP/EUR 1.1610

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1410 – 1.1610
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🟢 Uptrend

Currently, GBP/EUR is trading near the 90-day high around 1.1610, just above the 3-month average of 1.1543. The pair's range-bound movement is supported by risk-off conditions and a cautious market environment. Over the next few sessions, the pair may remain under pressure as risk sentiment stays fragile, which tends to favor safer assets and hinder sterling's gains.

💸 Transfer implications

  • Expats: sending money to Eurozone countries may find current exchange levels less favourable than recent levels if the pair declines.
  • Travellers: exchanging currency could face pressure if GBP weakens further, making Euro purchases slightly more costly.
  • Businesses: paying Euro invoices with GBP may experience reduced cost benefits in the near term if the pair extends its downward trend.

🧭 Key drivers

  • Rate gap: The UK’s interest rate differential is narrow, reducing sterling’s yield advantage and supporting the pair's recent high.
  • Risk/commodities: Risk-off sentiment persists, pushing safe-haven currencies higher while pressuring risk-sensitive FX.
  • Global factors: US economic resilience continues to influence risk appetite, keeping the pair under downward pressure.

⚠️ What could change it

  • Upside risk: Strong UK economic data or a shift in risk sentiment could support GBP recovery.
  • Downside risk: Escalating geopolitical tensions or softer eurozone data may extend the pair's decline.

BER suggests shopping around for lower margins, as finding providers with more competitive rates can help reduce total 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 =
1.1671We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d0.0%⬦
90dHighs◓
GBP to EUR is at 90-day highs near 1.1610, just 0.6% above its 3-month average of 1.1543, having traded in a stable 1.4% range from 1.1448 to 1.1610
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  1 EUR = 0.8568 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
17 Jun 2026
1.1559
0.4% ▲2 Week
02 Apr 2026
1.1463
1.2% ▲3 Month
01 Jul 2025
1.1644
0.3% ▼1 Year
02 Jul 2021
1.1652
0.4% ▼5 Year
03 Jul 2016
1.1930
2.7% ▼10 Year
06 Jul 2006
1.4386
19.3% ▼20 Year
GBP/EUR historic rates & change to 01-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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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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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