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    GBP to EUR 2024 Forecasts

    Analysis of recent Sterling → Euro forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Pound Sterling to Euro performance and trends.


    Forecasts for GBP to EUR


    Based on recent exchange rate analyst forecasts and market updates, the GBP to EUR exchange rate is being closely watched for potential movements in the coming weeks. The pound (GBP) has shown signs of strength due to a risk-positive trade environment, with market impulses boosting the UK currency. However, a potential interest rate cut from the Bank of England (BoE) in June could lead to some weakness in the pound as markets react to lower inflation figures and economic uncertainties. Additionally, forecasts from HSBC and RBC suggest a bearish outlook for the pound, with expectations of the GBP falling towards $US1.20 and $US1.15 in the second half of the year, respectively.

    On the other hand, the euro (EUR) has displayed mixed performance despite some upbeat economic data from the Eurozone. European inflation remains steady, with market hopes pinned on a potential rate cut from the European Central Bank (ECB) in June. Concerns about Germany's economic health and the possibility of recession could also have implications for the euro's stability. With EURUSD trading around 1.06 recently, any further developments such as Eurozone CPI data and ECB decisions could impact the euro's direction. Traders will also monitor the Brent Crude OIL/USD price trends, as oil prices influence the euro and global market sentiment. Overall, the GBP to EUR exchange rate could experience fluctuations driven by central bank policies, economic data, and geopolitical factors in the near future.

    @bestfxrates : The GBP to EUR rate is under the microscope as FX analysts note GBP strength in a risk-on trade climate. But, BoE's potential rate cut in June may weaken it. EUR sees mixed performance amid ECB rate cut speculations and German economic concerns. Key moves to watch: central bank policies and Eurozone data. #GBPEUR #ForexUpdate

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    GBP to EUR Market Data

    Pound Sterling (GBP) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.

    1 GBP =
    1.1678We compare provider deals to this wholesale mid-market rate. Read more
    GBP to EUR at 1.1675 is near its 3-month average, having traded in a stable 1.4% range from 1.1591 to 1.1752
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    Compare & Save - Pound Sterling to Euro

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (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.

    03 May 2024
    0.2% 2 Week
    17 Feb 2024
    0.1% 3 Month
    18 May 2023
    1.4% 1 Year
    19 May 2019
    2.4% 5 Year
    20 May 2014
    5% 10 Year
    22 May 2004
    21.6% 20 Year
    GBP/EUR historic rates & change to 17-May-2024

    Will the Pound Sterling rise against the Euro?

    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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    Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.


    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