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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

13 Jul 2026 • 00:26 GMT

GBP/EUR 1.1738

📊 Forecast snapshot

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

Currently, GBP/EUR is trading near the 90-day average and close to recent highs, supported by a risk-off environment. The pair's range within the recent three months suggests limited upside momentum, with dominant risk sentiment keeping the pound pressured. Over the next few sessions, exchange rate conditions may remain sensitive to global risk appetite and political dynamics, which could influence near-term direction.

💸 Transfer implications

  • Expats: sending money to euro zone countries may find current conditions less favourable than recent levels if GBP continues to weaken.
  • Travellers: exchanging GBP for euros might see less advantageous rates if the pair depreciates further.
  • Businesses: paying euro invoices with GBP could face higher costs if the pair sustains its recent decline.

🧭 Key drivers

  • Rate gap: The UK’s rate position remains supportive, but the eurozone’s rate hikes are narrowing the yield advantage, pressuring the pound.
  • Risk/commodities: The ongoing risk-off stance favors safe-haven currencies, impacting GBP/EUR negatively.
  • Global factors: External risk sentiment, driven by geopolitical tensions and market volatility, continues to dampen sterling's performance.

⚠️ What could change it

  • Upside risk: A shift towards risk-on sentiment or UK political stability improving confidence in sterling.
  • Downside risk: Unexpected escalation in geopolitical tensions or a broader market sell-off could deepen the pound’s weakness.

BER suggests shopping around for the lowest margin provider may help 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 =
1.1712We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d0.0%⬦
GBP to EUR at 1.1738 is 1.4% above its 3-month average of 1.1576, having traded in a very stable 2.5% range from 1.1462 to 1.1744
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  1 EUR = 0.8538 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
29 Jun 2026
1.1605
1.2% ▲2 Week
14 Apr 2026
1.1506
2% ▲3 Month
13 Jul 2025
1.1551
1.6% ▲1 Year
14 Jul 2021
1.1710
0.2% ▲5 Year
15 Jul 2016
1.1949
1.8% ▼10 Year
18 Jul 2006
1.4612
19.7% ▼20 Year
GBP/EUR historic rates & change to 13-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