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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

    GBPEUR chart
    60-DAY HIGH
    1-DAY +1.0%

    The British Pound (GBP) and the Euro (EUR) have both been subject to recent exchange rate analyst forecasts that paint a cautious picture for their future performance against the US Dollar (USD). Currency strategists from Wells Fargo, TD Securities, and Danske Bank collectively suggest that the GBP could decline to 1.20 or lower against the USD by early 2024, explaining the potential end to the Bank of England's policy tightening and the fragility of the Pound as contributing factors. HSBC and Barclays also reflected a less optimistic stance, recently shifting from their previously bullish perspectives. The Pound's volatility, influenced by political events such as Brexit and shifts in central bank policy, was highlighted when GBP/USD hit an all-time low since decimalization in September 2022, underscoring the momentum-driven nature of "Cable".

    In contrast, the EUR is expected to trend cautiously upwards as indicated by the forecasts from JP Morgan and ING, which suggest a potential rise towards 1.15 from a level of 1.07 at the end of 2023. However, Danske Bank's assessment points to a downward trajectory for EUR/USD, potentially dropping below parity within 12 months. With a recent reversion in consumer confidence in both the UK and Eurozone, economic performance could diminish according to HSBC, which may impact the Euro's valuation. Moreover, the EUR has been sensitive to movements in oil prices, and considering the recent Brent Crude OIL/USD data showing a 5.3% dip below its 3-month average, with high volatility, external commodities markets could influence the EUR.

    Addressing the GBP to EUR exchange rate, there seems to be some upward pressure, with recent data showing the GBP to EUR at 60-day highs near 1.1621. This uptick, albeit modest, positions the Pound slightly above the 3-month average against the Euro within a stable 2.7% trading range. This relative stability in GBP/EUR contrasts with the individual predictions against the USD, where more significant movements have been forecasted. FX analysts will likely continue to monitor factors such as central bank policies, consumer confidence, and broader economic indicators to refine their assessments for both the GBP and EUR going forward.

    @bestfxrates : 📈 GBP to EUR hits 60-day peak, trading near 1.1621 amidst cautious forecasts. Analysts eye potential GBP decline vs USD; EUR may rise cautiously. Market view suggests mixed central bank signals & economic data will shape #GBPEUR dynamics. Stay tuned for updates. #ForexMarket #CurrencyTrading

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    GBP to EUR Market Data

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

    1 GBP =
    1.1665We compare provider deals to this wholesale mid-market rate. Read more
    GBP to EUR at 1.1669 is 1.0% above its 3-month average of 1.1551, having traded in a very stable 2.7% range from 1.1410 to 1.1719
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    60-DAY HIGH
    1-DAY +1.0%

    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.

    17 Nov 2023
    2.2% 2 Week
    02 Sep 2023
    0.1% 3 Month
    01 Dec 2022
    0.1% 1 Year
    02 Dec 2018
    3.7% 5 Year
    03 Dec 2013
    3.3% 10 Year
    06 Dec 2003
    18.1% 20 Year
    GBP/EUR historic rates & change to 01-Dec-2023

    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 BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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