Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

    Currency outlook GBP/EUR

    GBP to EUR Forecast & Outlook

    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

    05 Aug 2026 • 00:26 GMT

    GBP/EUR 1.1658

    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 recent lows around 1.1658, slightly above its 3-month average. The pair is supported by risk-off sentiment, which favors the euro’s safety appeal. Over the next few sessions, the pair is likely to remain pressured by cautious risk conditions, keeping it within its recent range as investor focus stays on geopolitical tensions and monetary policy cues.

    💸 Transfer implications

    • Expats: sending money to the Euro may face less favourable conditions if the pair remains weak.
    • Travellers: buying Euro cash or loading currency cards could find current exchange rates supportive compared to recent lows.
    • Businesses: paying Euro invoices with GBP might encounter more costly conversions if the pair consolidates near current levels.

    🧭 Key drivers

    • Rate gap: The Fed signals continued rate hikes, supporting USD and heightening divergence with the Eurozone's cautious monetary stance.
    • Risk/commodities: Heightened geopolitical tensions, especially in the Middle East, are driving safe-haven flows into the euro.
    • Global factors: Risk sentiment remains risk-off, with safe-haven currencies supported by broader geopolitical uncertainties.

    ⚠️ What could change it

    • Upside risk: A further escalation in geopolitical risks could strengthen the euro’s safe-haven appeal.
    • Downside risk: Expectations of easing tension or a return to risk appetite may help the pound recover some ground.

    BER suggestions: Comparing FX providers may help offset less favourable exchange conditions. Shopping around for the lowest margin provider can 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.

    Compare before you exchange

    Compare GBP to EUR rates

    Check today’s provider offers alongside the market outlook before you make a transfer.

    GBP/EUR exchange-rate comparison Compare rates and typical FX costs

     
     
       

    Rate direction

    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 =
    1.1663We compare provider deals to this wholesale mid-market rate. Read more
    EUR
    1D−0.1%▼
    GBP to EUR is at 30-day lows near 1.1658, just above its 3-month average, having traded in a very stable 3.0% range from 1.1462 to 1.1811
    |
    Tracker

    Manage Tracker   

      1 EUR = 0.8574 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.

    DateGBP/EURChangePeriod
    21 Jul 2026
    1.1732
    		0.6% ▼2 Week
    06 May 2026
    1.1568
    		0.8% ▲3 Month
    04 Aug 2025
    1.1478
    		1.6% ▲1 Year
    05 Aug 2021
    1.1770
    		0.9% ▼5 Year
    06 Aug 2016
    1.1791
    		1.1% ▼10 Year
    09 Aug 2006
    1.4813
    		21.2% ▼20 Year
    GBP/EUR historic rates & change to 04-Aug-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.

     
    Track Rate
     

    Manage Tracker