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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 as it currently trades below its recent average and is near recent lows. The pressure from expectations of a Bank of England interest rate cut contributes to this bearish outlook.

Key drivers:

  • Rate gap: The Bank of England's cautious stance on interest rates contrasts with the Bank of Israel's recent cut, making the ILS more attractive to investors.
  • Risk/commodities: Fluctuations in global oil prices may add volatility to the ILS, impacting its value against the GBP as investor preferences shift.
  • One macro factor: Ongoing political uncertainties in the UK could diminish confidence in the pound, particularly ahead of pivotal elections.

Range:

GBP/ILS is expected to drift within its recent 3-month range, lacking clear drivers to push it out of this stable pattern.

What could change it:

  • Upside risk: A surprise rise in UK retail sales could bolster the GBP.
  • Downside risk: Stronger economic indicators from Israel could further support the ILS.

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 =
4.2054We compare provider deals to this wholesale mid-market rate. Read more
ILS
1d+0.7%▲
 
GBP to ILS at 4.2096 is 1.3% below its 3-month average of 4.2669, having traded in a very stable 3.8% range from 4.1735 to 4.3332
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  1 ILS = 0.2378 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