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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 is currently range-bound.

Key drivers influencing this outlook include: Interest rate differential, with the Bank of England projected to cut rates gradually due to slowing inflation and growth, contrasting with expectations for stability in Israel's economic growth and low geopolitical risk. The Israeli shekel has strengthened significantly, reaching three-year highs, supported by investor confidence and favorable economic forecasts. Additionally, retail sales data from the UK may impact the pound positively if growth rebounds as anticipated.

The near-term range for GBP/ILS is expected to remain stable, reflecting the current price's slight dip below its three-month average, indicating limited volatility.

An upside risk to this outlook could stem from stronger-than-expected UK economic indicators or shifts in investor sentiment favoring the pound. Conversely, a downside risk may arise if the Bank of England enacts deeper rate cuts than anticipated, which could exert pressure on the pound against the shekel.

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 =
4.2776We compare provider deals to this wholesale mid-market rate. Read more
ILS
1d−0.2%▼
 
GBP to ILS is at 7-day lows near 4.2955, just 0.7% below its 3-month average of 4.328, having traded in a relatively stable 6.4% range from 4.2026 to 4.4699
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  1 ILS = 0.2338 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
16 Dec 2025
4.3333
0.9% ▼2 Week
01 Oct 2025
4.4704
3.9% ▼3 Month
30 Dec 2024
4.5855
6.3% ▼1 Year
31 Dec 2020
4.3928
2.2% ▼5 Year
02 Jan 2016
5.7408
25.2% ▼10 Year
04 Jan 2006
8.0477
46.6% ▼20 Year
GBP/ILS historic rates & change to 30-Dec-2025

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