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    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

    27 Jul 2026 • 00:25 GMT

    GBP/EUR 1.1717

    Forecast snapshot

    Quick GBP/EUR forecast

    Near-term bias🔴 Mild downside
    Expected range1.1440 – 1.1720
    Dominant driver🌍 Global risk sentiment
    3-month trend🟢 Uptrend

    Currently, GBP/EUR is trading close to its 90-day average within a narrow range, with the pair holding near 1.1717. The dominant driver remains risk sentiment, which is supporting the euro amid geopolitical tensions and safe-haven flows. Over the next few sessions, the pair may remain supported but could face pressure if risk appetite improves and euro demand eases.

    💸 Transfer implications

    • Expats: sending money to Euro countries may find current conditions slightly less favourable than recent levels.
    • Travellers: exchanging cash or loading currency cards might experience marginally weaker exchange rates.
    • Businesses: paying Euro invoices using GBP could see more limited efficiency compared to recent weeks.

    🧭 Key drivers

    • Rate gap: The UK’s monetary policy outlook and yield difference are narrowing, with GBP under pressure.
    • Risk/commodities: Elevated geopolitical tensions lift demand for the euro as a safe haven.
    • Global factors: Worsening international risk conditions are supporting safe-haven currencies and restraining the pound.

    ⚠️ What could change it

    • Upside risk: A reduction in geopolitical tensions or a surprise easing in risk aversion could weaken the euro’s safe-haven appeal.
    • Downside risk: A sudden improvement in UK economic data or a hawkish stance from the BoE might support Sterling, weakening the euro further.

    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.

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    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 =
    1.1690We compare provider deals to this wholesale mid-market rate. Read more
    EUR
    1d+0.1%▲
    GBP to EUR at 1.1717 is just 0.9% above its 3-month average of 1.161, having traded in a very stable 3.0% range from 1.1462 to 1.1811
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      1 EUR = 0.8554 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
    13 Jul 2026
    1.1727
    		0.2% ▼2 Week
    28 Apr 2026
    1.1541
    		1.5% ▲3 Month
    27 Jul 2025
    1.1431
    		2.4% ▲1 Year
    28 Jul 2021
    1.1739
    		0.3% ▼5 Year
    29 Jul 2016
    1.1839
    		1.1% ▼10 Year
    01 Aug 2006
    1.4624
    		19.9% ▼20 Year
    GBP/EUR historic rates & change to 27-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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