GBP to EUR 2026 Forecasts & Latest Rates

GBP to EUR Forecast & Outlook

11 Aug 2026 • 00:26 GMT

Forecast snapshot

Quick GBP/EUR forecast

Near-term bias🔴 Mild downside

Expected range1.1600 – 1.1810

Dominant driver🌍 Global risk sentiment

3-month trend🟢 Uptrend

Currently, GBP/EUR is trading near 14-day highs just above 1.1702, close to recent range highs. The pair remains supported by risk-off conditions, which tend to favor safe-haven currencies. Over the next few sessions, the pair may face downward pressure as global risk sentiment remains cautious, maintaining a bias toward euro strength within its recent range.

💸 Transfer implications

Expats: sending money to Euro (EUR) regions may find current levels less favourable than recent lows if the pair weakens further.
Travellers: buying Euro cash or loading currency cards could see potential for better rates if the pair declines.
Businesses: paying overseas Euro invoices with GBP might experience less favourable conditions if the pair moves lower.

🧭 Key drivers

Rate gap: The Bank of England's cautious stance limits GBP gains, keeping the rate near its 90-day average.
Risk/commodities: Risk-off sentiment supports safe-haven flows, pressuring GBP/EUR lower.
Global factors: UK political uncertainty and geopolitical tensions in the Eurozone are influencing risk appetite.

⚠️ What could change it

Upside risk: UK political stability improving or Bank of England policy tightening could support GBP.
Downside risk: Escalating geopolitical tensions or eurozone economic concerns might push the pair lower further.

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.

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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.

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1 GBP = EUR

1D+0.3%▲

GBP to EUR is at 14-day highs near 1.1702, just 0.6% above its 3-month average of 1.1628, having traded in a very stable 3.0% range from 1.1462 to 1.1811

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1 EUR = 0.8545 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
28 Jul 2026	1.1669	0.3% ▲	2 Week
13 May 2026	1.1545	1.4% ▲	3 Month
11 Aug 2025	1.1564	1.2% ▲	1 Year
12 Aug 2021	1.1768	0.5% ▼	5 Year
13 Aug 2016	1.1575	1.1% ▲	10 Year
16 Aug 2006	1.4761	20.7% ▼	20 Year

GBP/EUR historic rates & change to 11-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.

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