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GBP to ILS 2026 Forecasts

Analysis of recent sterling → shekel forecasts for 2026. We collate forecasts from respected FX analysts together with the latest British pound to Israeli new sheqel performance and trends.

 

GBP/ILS Outlook:

The GBP/ILS exchange rate is likely to decrease, currently trading below its recent average and near recent lows. Pressure from BoE rate cut expectations adds to the downward bias.

Key drivers:

• Rate gap: The Bank of England is facing increasing pressure to cut rates, while the Bank of Israel recently lowered its key rate, which favors the ILS.

• Risk/commodities: With the shekel strengthening to a 30-year high against the US dollar, the ILS is benefiting from improved global risk appetite.

• One macro factor: UK retail sales data could amplify concerns over the economy, fuelling further expectations for BoE rate cuts.

Range:

Expect the GBP/ILS to drift lower within its recent range as it tests the lower end.

What could change it:

• Upside risk: A surprising rise in UK retail sales could alleviate BoE cut concerns and support GBP.

• Downside risk: Continued deteriorating economic indicators from the UK may enhance the selling pressure on the pound.

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 =
4.1992We compare provider deals to this wholesale mid-market rate. Read more
ILS
1d−0.3%▼
 
GBP to ILS at 4.1992 is 1.6% below its 3-month average of 4.2655, having traded in a very stable 3.8% range from 4.1735 to 4.3332
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  1 ILS = 0.2381 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.

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