GBP to ILS 2026 Forecasts & Latest Rates

07 Mar 2026

GBP to ILS Outlook

In the near term, GBP/ILS is trading close to recent lows, supported by risk-off flows and geopolitical tensions. The pair remains within a 3-month range and holding near its recent lows. Current conditions suggest that the pair could face further pressure if risk sentiment remains dominant and safe-haven demand persists.

Transfer implications

Expats: sending money abroad from GBP to ILS may find current levels less favourable than recent ones.
Travellers: exchanging GBP for ILS could see lower value if the pair declines further.
Businesses: paying Israeli ILS invoices in GBP might face less favourable exchange rates in the near term.

Key drivers

Rate gap: The Bank of Israel's rate cuts have narrowed the yield advantage of ILS, supporting safe-haven flows.
Risk/commodities: Elevated geopolitical risks boost demand for ILS as a safe haven.
Global factors: Global risk sentiment remains pressured by geopolitical tensions, influencing currency flows.

What could change it

Upside risk: An easing of geopolitical tensions or risks could support GBP against ILS.
Downside risk: Further deterioration in risk sentiment or safe-haven flows could deepen the pair’s decline.

GBP-ILS Rate Calculator

GBP to ILS Market Data

British pound (GBP) to Israeli new sheqel (ILS) market data - latest interbank exchange rate, trend, chart & historic rates.

Sell GBP → Buy ILS

1 GBP = ILS

1d+0.7%▲

90dLows◒

GBP to ILS at 4.1423 is 2.4% below its 3-month average of 4.2447, having traded in a quite stable 5.6% range from 4.1033 to 4.3332

07-MAR 3AM-NY 8AM-LON 4PM-HK 7PM-SYD

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1 ILS = 0.2412 GBP

Compare & Save - British pound to Israeli new sheqel

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare British pound (GBP) to Israeli new sheqel (ILS) rates from different sources before making a conversion.

Use our GBP to ILS 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 Shekel currency rates and the possible savings of using various providers.

Will the British pound rise against the Israeli new sheqel?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the British pound vs Israeli new sheqel current value is to look the GBP/ILS historic rate and change over a range of periods.

The following table looks at the change in the GBP to ILS exchange rate over periods from the previous week back to the last 10 years.

Date	GBP/ILS	Change	Period
20 Feb 2026	4.1998	2% ▼	2 Week
06 Dec 2025	4.3162	4.6% ▼	3 Month
06 Mar 2025	4.6468	11.4% ▼	1 Year
07 Mar 2021	4.6167	10.8% ▼	5 Year
08 Mar 2016	5.5559	25.9% ▼	10 Year
11 Mar 2006	8.1614	49.6% ▼	20 Year

GBP/ILS historic rates & change to 06-Mar-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/ILS 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.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

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

GBP to ILS Forecast & Exchange Rate Outlook