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    GBP to EUR Forecasts

    Analysis of recent pound to euro forecasts. We collate forecasts from respected FX analysts together with the latest GBP to EUR performance and trends.


    What are GBP to EUR forecasts?

    The GBP/EUR exchange rate started strong in May, as the pound reached an 11-month high against the greenback. With inflation in the UK reaching double digits at 10.1%, economists are anticipating the Bank of England to maintain its contractionary monetary policy stance. Despite the surge in inflation and the labor shortages, GBP/USD managed to surpass the US$1.2600 mark on the 4th of May. Additionally, GBP/USD enjoyed a solid overall performance in April, with the currency pair having closed up at US$1.2565 from its opening rate of US$1.2315. However, the lack of economic data and increasingly risk-sensitive UK currency could affect the pound, and a slowdown in activity from the UK PMIs might dent the sterling's strength in the market.

    The Eurozone economy's overall performance remains a major factor affecting the euro exchange rate. Recently, the euro experienced fluctuations due to the lack of clear direction in its trading, causing it to trade without a determined path. A weaker-than-expected consumer confidence reading dented the demand for euros, while its negative correlation with a stronger USD put additional pressure on the single currency. If Eurozone PMIs later today indicate weakening private sector activity, the euro could face headwinds. Market view suggests that GBP to EUR at 1.1516 is 1.3% above its 3-month average of 1.1369, which remained stable in a 3.0% range, from 1.1189 to 1.1526.

    Rate Calculator - 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.

    This exchange rate calculator makes it easy to compare the Total Cost you are being charged on pound to euro currency rates and the possible savings of using various providers.


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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 =
    1.1505We compare provider deals to this wholesale mid-market rate. Read more
    GBP to EUR at 1.1505 is 1.2% above its 3-month average of 1.1371, having traded in a very stable 3.0% range from 1.1189 to 1.1526
    Sell GBP   →   Buy EUR
    Track Rate

    12 May 2023
    1.1% 2 Week
    25 Feb 2023
    1.8% 3 Month
    26 May 2022
    2.1% 1 Year
    27 May 2018
    1% 5 Year
    28 May 2013
    1.6% 10 Year
    31 May 2003
    17.3% 20 Year
    GBP/EUR historic rates & change to 26-May-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.


    Related exchange rate forecasts


    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