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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

15 Jul 2026 • 00:27 GMT

GBP/EUR 1.1727

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1540 – 1.1740
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, GBP/EUR is trading close to the 90-day average and just above the 3-month range high, supported by risk-off sentiment and geopolitical tensions. The pair has been consolidating within its recent range, but the dominant driver of risk sentiment is pressuring the pound. Over the next few sessions, the pair could face downside pressure if risk aversion persists and global tensions remain elevated.

💸 Transfer implications

  • Expats: sending money to Euro zone countries may find current conditions less favourable than recent levels.
  • Travellers: exchanging currency might see the euro's attractiveness diminish if the pair weakens further.
  • Businesses: paying euro invoices may face higher costs if the pound further softens.

🧭 Key drivers

  • Rate gap: The yield advantage for the pound has narrowed, with the European Central Bank holding rates steady while UK policy hints at potential easing.
  • Risk/commodities: Elevated geopolitical tensions are boosting USD demand and supporting safe havens, pressuring risk-sensitive currencies.
  • Global factors: Continued risk-off conditions driven by geopolitical tensions are the main factor influencing market sentiment.

⚠️ What could change it

  • Upside risk: Signs of easing geopolitical tensions or a shift towards risk appetite could support the pound.
  • Downside risk: A sharper escalation in geopolitical conflicts or a pronounced slowdown in risk sentiment could weaken the pound further.

Comparing FX providers may help offset less favourable exchange conditions and reduce overall 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 =
1.1744We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d0.0%⬦
GBP to EUR at 1.1727 is 1.3% above its 3-month average of 1.158, having traded in a very stable 2.5% range from 1.1462 to 1.1744
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  1 EUR = 0.8515 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
01 Jul 2026
1.1670
0.4% ▲2 Week
16 Apr 2026
1.1481
2.1% ▲3 Month
15 Jul 2025
1.1538
1.6% ▲1 Year
16 Jul 2021
1.1659
0.5% ▲5 Year
17 Jul 2016
1.1982
2.2% ▼10 Year
20 Jul 2006
1.4638
19.9% ▼20 Year
GBP/EUR historic rates & change to 15-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.

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