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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

 

GBP to EUR exchange rate forecast remains bearish in the near to medium term, as both the Pound (GBP) and the Euro (EUR) face downward pressures. The Pound has been weakened by dovish comments from the Bank of England Governor signaling potential interest rate cuts in the future. FX analysts predict a further decline in the Pound against the Euro, with forecasts suggesting a fall towards $US1.15 in the second half of the year. Additionally, concerns over political uncertainty in the UK and the risk of a stagflationary environment are expected to weigh on the Pound's performance.

On the other hand, the Euro has been under pressure from European Central Bank rate cut expectations and economic concerns within the Eurozone. This, coupled with a negative correlation with the US Dollar, is anticipated to keep the Euro on the back foot. Analysts also highlight the potential impact of Eurozone recession fears and ECB policy decisions on the Euro's exchange rates. Despite some positive economic indicators, such as German business sentiment, the overall outlook for the Euro remains cautious.

Given the stable trading range of GBP to EUR around 1.1658 and the volatile trend in Brent Crude OIL/USD prices, both individuals and businesses involved in international transactions should closely monitor market developments and consider implementing risk management strategies to navigate the uncertainties and fluctuations in the currency and commodity markets.

 
@bestfxrates : GBP to EUR struggles amid bearish forecasts. BoE hints at rate cuts, fueling Pound's potential fall towards $US1.15 H2 2024. Meanwhile, ECB concerns & recession fears keep Euro cautious despite some positive data. Current GBP/EUR rate steady at 1.1658. Stay alert to market changes. #FX #GBP #EUR #CurrencyUpdate

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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 =
1.1700We compare provider deals to this wholesale mid-market rate. Read more
EUR
+0.1%
📉2M
GBP to EUR at 1.1674 is near its 3-month average, having traded in a very stable 2.2% range from 1.1507 to 1.1758
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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.

 
DateGBP/EURChangePeriod
13 Mar 2024
1.1688
0.1% 2 Week
28 Dec 2023
1.1506
1.5% 3 Month
28 Mar 2023
1.1375
2.6% 1 Year
29 Mar 2019
1.1623
0.4% 5 Year
30 Mar 2014
1.2103
3.6% 10 Year
01 Apr 2004
1.5003
22.2% 20 Year
GBP/EUR historic rates & change to 27-Mar-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