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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 GBP to ILS exchange rate currently shows a bearish bias.

Key drivers include a diverging monetary policy outlook, with the Bank of England anticipated to cut interest rates while the Bank of Israel projects robust economic growth and a strong shekel. Improved geopolitical stability in Israel further supports the shekel against the pound. Economic forecasts suggest UK growth is slowing alongside declining inflation, while Israel's GDP is expected to rise significantly.

Over the next 1–3 months, the GBP to ILS rate is likely to remain within a stable range, reflecting recent lows near 4.2580 and potentially between the broader levels of 4.2026 to 4.4454.

Upside risks for the GBP could emerge from unexpected UK economic resilience or a stabilization in fiscal concerns, while downside risks may stem from renewed geopolitical tensions affecting Israeli stability or further interest rate cuts by the Bank of England.

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 =
4.2259We compare provider deals to this wholesale mid-market rate. Read more
ILS
1d−0.2%▼
30dLows◒
GBP to ILS is at 30-day lows near 4.2580, 1.2% below its 3-month average of 4.3112, having traded in a quite stable 5.8% range from 4.2026 to 4.4454
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  1 ILS = 0.2366 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
26 Dec 2025
4.3104
1.2% ▼2 Week
11 Oct 2025
4.3702
2.6% ▼3 Month
09 Jan 2025
4.5050
5.5% ▼1 Year
10 Jan 2021
4.3025
1% ▼5 Year
12 Jan 2016
5.6863
25.1% ▼10 Year
14 Jan 2006
8.1953
48% ▼20 Year
GBP/ILS historic rates & change to 09-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