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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

24 Apr 2026 • 00:26 GMT

GBP/EUR 1.1525

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1390 – 1.1600
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🟠 Range-bound, downside bias

Currently, GBP/EUR is trading near its 3-month average and at the upper end of its recent range. The pair’s downside bias is supported by risk-off sentiment, with caution over UK political and economic uncertainties. Over the next few sessions, the pair may remain supported but could face pressure if risk appetite improves or boundary conditions shift, leading to a potential weakening of the pound.

💸 Transfer implications

  • Expats: sending money to Euro zones may find current conditions slightly less favourable for favourable exchange rates.
  • Travellers: exchanging Euro cash or loading currency cards might see exchange rates leaning towards the downside.
  • Businesses: paying Euro invoices with GBP could face less advantageous rates if the pair weakens further.

🧭 Key drivers

  • Rate gap: The UK’s monetary policy stance remains more hawkish, but the pair’s range-bound trading suggests limited yield advantage.
  • Risk/commodities: The global risk-off environment favors safe havens, pressuring risk-sensitive currencies like GBP.
  • Global factors: Political uncertainties in the UK continue to weigh on the pound, amid broader risk-off flows.

⚠️ What could change it

  • Upside risk: Better-than-expected UK economic data or easing UK political concerns.
  • Downside risk: Fresh geopolitical tensions or a shift in US-China dynamics impacting risk sentiment.

BER suggests shopping around for the lowest margin providers may help reduce overall transfer costs.

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 =
1.1532We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d−0.1%
GBP to EUR at 1.1525 is near its 3-month average, having traded in a stable 1.7% range from 1.1403 to 1.1595
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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
10 Apr 2026
1.1471
0.5% 2 Week
24 Jan 2026
1.1535
0.1% 3 Month
24 Apr 2025
1.1719
1.6% 1 Year
25 Apr 2021
1.1469
0.5% 5 Year
26 Apr 2016
1.2902
10.7% 10 Year
29 Apr 2006
1.4423
20.1% 20 Year
GBP/EUR historic rates & change to 24-Apr-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