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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

29 Jun 2026 • 00:25 GMT

GBP/EUR 1.1591

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1400 – 1.1600
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🟢 Uptrend

Currently, GBP/EUR is trading near the 90-day average and finds support around recent highs from within its recent range. Risk-off sentiment dominates, supported by geopolitical tensions and weak eurozone growth, which keeps the pair consolidating within its recent range. Near-term conditions suggest the pair may face downward pressure if risk appetite falters further.

💸 Transfer implications

  • Expats: sending money to Eurozone countries may find the current levels less favourable than recent levels if the pair declines.
  • Travellers: buying Euro cash or loading currency cards may see less favourable exchange rates if the pair weakens.
  • Businesses: paying Euro invoices with GBP could experience higher costs if the pair moves lower in the near term.

🧭 Key drivers

  • Rate gap: The UK maintains a relatively steady interest rate stance, supporting a near-90-day average near recent levels.
  • Risk/commodities: Elevated risk aversion and safe-haven flows support the euro, pressuring GBP/EUR.
  • Global factors: Ongoing geopolitical tensions and economic uncertainties in the eurozone weigh on the pair.

⚠️ What could change it

  • Upside risk: Better-than-expected eurozone data or easing geopolitical tensions could improve the euro outlook.
  • Downside risk: Further deterioration in risk sentiment or aggressive UK policy measures could accelerate the pair's decline.

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.
 

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 =
1.1607We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d0.0%⬦
GBP to EUR at 1.1591 is just above its 3-month average, having traded in a stable 1.3% range from 1.1448 to 1.1602
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  1 EUR = 0.8616 GBP

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
15 Jun 2026
1.1574
0.2% ▲2 Week
31 Mar 2026
1.1443
1.3% ▲3 Month
29 Jun 2025
1.1699
0.9% ▼1 Year
30 Jun 2021
1.1661
0.6% ▼5 Year
01 Jul 2016
1.1916
2.7% ▼10 Year
04 Jul 2006
1.4424
19.6% ▼20 Year
GBP/EUR historic rates & change to 29-Jun-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.

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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