GBP to EUR 2026 Forecasts & Latest Rates

GBP to EUR Forecast & Outlook

10 Aug 2026 • 00:26 GMT

Forecast snapshot

Quick GBP/EUR forecast

Near-term bias🔴 Mild downside

Expected rangeN/A

Dominant driver🌍 Global risk sentiment

3-month trend🟢 Uptrend

Currently, GBP/EUR trades near the 90-day average within a stable range, supported by risk-off sentiment affecting the eurozone markets. Over the next few sessions, the pair may face pressure as cautious risk conditions suggest the euro could weaken slightly, keeping the pair supported by safe-haven flows.

💸 Transfer implications

Expats: sending money to the eurozone may see less favourable exchange conditions if the pair declines further.
Travellers: exchanging currency might find euro costs slightly higher if the pair weakens.
Businesses: paying euro invoices with GBP could encounter less advantageous rates if the pair slides.

🧭 Key drivers

Rate gap: The dovish stance of the eurozone and cautious monetary outlook compare to the Bank of England’s potential for limited tightening.
Risk/commodities: Global geopolitical tensions and risk-off conditions continue to support safe-havens like the USD and JPY.
Global factors: Heightened geopolitical risks are weighing on eurozone stability, amplifying risk-off flows.

⚠️ What could change it

Upside risk: Improved risk appetite or diplomatic developments could reduce safe-haven demand for the euro.
Downside risk: Sudden escalation in geopolitical tensions might intensify safe-haven flows, further pressuring GBP/EUR.

BER suggests comparing FX providers to find lower margins, which can help offset less favourable exchange rates.

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 = EUR

1D0.0%⬦

GBP to EUR at 1.1673 is just above its 3-month average, having traded in a very stable 3.0% range from 1.1462 to 1.1811

09-AUG 8PM-NY 10-AUG 1AM-LON 8AM-HK 10AM-SYD

Tracker

Manage Tracker

1 EUR = 0.8564 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.

Date	GBP/EUR	Change	Period
27 Jul 2026	1.1690	0.1% ▼	2 Week
12 May 2026	1.1534	1.2% ▲	3 Month
10 Aug 2025	1.1541	1.2% ▲	1 Year
11 Aug 2021	1.1809	1.1% ▼	5 Year
12 Aug 2016	1.1575	0.9% ▲	10 Year
15 Aug 2006	1.4810	21.2% ▼	20 Year

GBP/EUR historic rates & change to 10-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