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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 is currently range-bound.

Key drivers include:

  • The Bank of England plans to cut interest rates to 3.25% by mid-2026, creating a widening interest rate differential compared to the Mexican central bank, which is expected to maintain stable rates.
  • UK inflation is projected to decline, slowing economic growth, while the Mexican economy appears more resilient, supported by stable fiscal policies.
  • Analysts forewarn that UK fiscal policies may increase downward pressure on the GBP, while expectations of U.S. rate cuts could boost the MXN.

In the near term, the GBP to MXN rate may fluctuate within a stable range influenced by the recent price data, remaining near its historical average.

Upside risks include stronger-than-anticipated UK economic data that might bolster the GBP. Downside risks involve potential divergence in the monetary policies of the U.S. and Mexico, impacting investor confidence in the GBP.

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 =
24.20We compare provider deals to this wholesale mid-market rate. Read more
MXN
1d+0.1%▲
14dHighs◓
GBP to MXN is at 14-day highs near 24.28, near 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 = 0.041325 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
24 Dec 2025
24.21
0.3% ▲2 Week
09 Oct 2025
24.46
0.7% ▼3 Month
07 Jan 2025
25.37
4.3% ▼1 Year
08 Jan 2021
27.14
10.5% ▼5 Year
10 Jan 2016
26.04
6.7% ▼10 Year
12 Jan 2006
18.66
30.2% ▲20 Year
GBP/MXN historic rates & change to 07-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