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GBP to MXN 2026 Forecasts

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

 

The GBP to MXN exchange rate exhibits a bullish bias, supported by recent Bank of England (BoE) statements hinting at slower future rate cuts. Key drivers include the interest rate differential, with the BoE expected to cut rates to 3.25% by mid-2026 while the Mexican central bank, Banxico, may reduce rates more cautiously. Economic growth in the UK is anticipated to slow, impacting the GBP positively as inflation trends down.

The expected trading range suggests stability in GBP to MXN within a moderately tight range over the next few months, reflecting resilience despite economic concerns.

Upside risks include stronger retail sales in the UK, which could bolster the pound. Conversely, a greater divergence in monetary policy between the UK and Mexico could apply downward pressure on the GBP, affecting its value against the peso. Recent data shows GBP to MXN at 24.24, just below the 3-month average, having traded in a narrow 3.7% range, indicating relative stability.

GBP-MXN Rate Calculator

 
   
   
   
   
 
   
 
 

GBP to MXN Market Data

British pound (GBP) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell GBP   →   Buy MXN
1 GBP =
24.24We compare provider deals to this wholesale mid-market rate. Read more
MXN
1d+0.1%▲
14dHighs◓
GBP to MXN at 24.24 is just below its 3-month average, having traded in a very stable 3.7% range from 23.96 to 24.84
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  1 MXN = 0.041260 GBP

Compare & Save - British pound to Mexican peso

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare British pound (GBP) to Mexican peso (MXN) rates from different sources before making a conversion.

Use our GBP to MXN 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 Peso currency rates and the possible savings of using various providers.

 
 

Will the British pound rise against the Mexican peso?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the British pound vs Mexican peso current value is to look the GBP/MXN historic rate and change over a range of periods.

The following table looks at the change in the GBP to MXN exchange rate over periods from the previous week back to the last 10 years.

DateGBP/MXNChangePeriod
18 Dec 2025
24.08
0.7% ▲2 Week
03 Oct 2025
24.80
2.3% ▼3 Month
01 Jan 2025
26.09
7.1% ▼1 Year
02 Jan 2021
27.18
10.8% ▼5 Year
04 Jan 2016
25.44
4.7% ▼10 Year
06 Jan 2006
18.71
29.6% ▲20 Year
GBP/MXN 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/MXN 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