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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.

 

The current market bias for the GBP to ILS exchange rate is bearish.

Key drivers include:

  • Interest rate changes; the Bank of England (BoE) is projected to cut rates further, whereas the Bank of Israel (BoI) is expected to maintain a stronger economic outlook with increased GDP growth.
  • Positive sentiment surrounding the ILS is bolstered by improved geopolitical stability and robust economic forecasts, suggesting a solid recovery in Israel.
  • UK inflation is anticipated to decline gradually, which may affect the pound negatively as growth slows.

In the near term, the GBP to ILS exchange rate is expected to trade within a stable range similar to recent patterns.

An upside risk for the GBP could stem from a surprise rebound in UK economic data, while a downside risk involves continued strength of the ILS driven by positive developments in Israel’s economy and ongoing geopolitical improvements.

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 =
4.2982We compare provider deals to this wholesale mid-market rate. Read more
ILS
1d+0.2%▲
30dLows◒
GBP to ILS at 4.2943 is just 0.6% below its 3-month average of 4.3223, having traded in a quite stable 6.0% range from 4.2026 to 4.4558
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  1 ILS = 0.2327 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.

DateGBP/ILSChangePeriod
18 Dec 2025
4.2946
0.2% ▼2 Week
03 Oct 2025
4.4550
3.8% ▼3 Month
01 Jan 2025
4.5594
6% ▼1 Year
02 Jan 2021
4.3932
2.4% ▼5 Year
04 Jan 2016
5.7620
25.6% ▼10 Year
06 Jan 2006
8.1602
47.5% ▼20 Year
GBP/ILS historic rates & change to 01-Jan-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