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GBP to EUR - Rate Guide

British Pound Sterling to Euro exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

GBP/EUR update & alerts

1 GBP = 1.1878 EUR

Sell GBP - Buy EUR  Invert

GBP to EUR - Trading Range (90 Day)
ALERTS: 4-DAY ▲ 1.7% 🔔 | 90-DAY HIGHS 🔔 |
90-DAY TREND: At 1.188 GBP/EUR is trading 3.6% above the average 1.1467 with a range 1.0999 to 1.1882. ALERTS: GBP/EUR is UP 1.7% this 4-DAY period and has also risen to 90-DAY HIGHS.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

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GBP/EUR Exchange Rates and Providers Compared

This guide to the British Pound Sterling to Euro exchange rate with 90-day chart & alerts, historic rates, forecasts and GBP to EUR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our GBP/EUR Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for GBP/EUR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

GBP to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee GBPTotal CostDeal Links
OFX logo
5,891.5
Best Overall
1.1783£0^0.8%
TorFX logo
5,816
€75 less
1.163202.07%
WorldFirst logo
5,909.5
€18 more
1.181900.5%
HSBC logo
5,699.44
€192 less
1.1416£7.54.03%
Natwest Bank logo
5,667.45
€224 less
1.1369154.57%
Citibank International Money Transfers
Citibank logo
5,641.93
€250 less
1.1311125%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
5,641
€250 less
1.1316155.02%
Santander International Money Transfers
Santander logo
5,609.97
€282 less
1.1265205.54%
Lloyds TSB logo
5,586.56
€305 less
1.1218205.93%
 

OFX logo

OFX: Foreign Transfer GBP→EUR
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.1783 (0.8% from mid-rate)
To Amount (EUR)5,891.5
Total Cost:0.8%
Time:
Rate Fetched: 18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

TorFX logo

TorFX: Foreign Transfer GBP→EUR
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.1632 (2.07% from mid-rate)
To Amount (EUR)5,816
Total Cost:2.07%
Difference:
€75 EUR less than using OFX
Time:18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

WorldFirst logo

WorldFirst: Foreign Transfer GBP→EUR
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.1819 (0.5% from mid-rate)
To Amount (EUR)5,909.5
Total Cost:0.5%
Difference:
€18 EUR more than using OFX
Time:18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer GBP→EUR
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:1.1416 (3.89% from mid-rate)
To Amount (EUR)5,699.44
Total Cost:4.03%
Difference:
€192 EUR less than using OFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logo

Natwest Bank: Foreign Transfer GBP→EUR
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.1369 (4.29% from mid-rate)
To Amount (EUR)5,667.45
Total Cost:4.57%
Difference:
€224 EUR less than using OFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer GBP→EUR
From Amount (GBP)£5,000
Fee:12
Exchange Rate:1.1311 (4.77% from mid-rate)
To Amount (EUR)5,641.93
Total Cost:5%
Difference:
€250 EUR less than using OFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→EUR
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.1230 (5.46% from mid-rate)
To Amount (EUR)5,641
Total Cost:5.02%
Difference:
€250 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logo

Santander: Foreign Transfer GBP→EUR
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.1265 (5.16% from mid-rate)
To Amount (EUR)5,609.97
Total Cost:5.54%
Difference:
€282 EUR less than using OFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logo

Lloyds TSB: Foreign Transfer GBP→EUR
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.1218 (5.56% from mid-rate)
To Amount (EUR)5,586.56
Total Cost:5.93%
Difference:
€305 EUR less than using OFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount EUR(€)Exchange RateFee GBPTotal CostDeal Links
Travelex Online UK logo
1,155.7
Best Overall
1.1557£0^2.7%
Post Office Money Foreign Currency
Post Office Money logo
1,138.2
€17 less
1.138204.18%
Citibank Foreign Currency
Citibank logo
1,117.71
€38 less
1.129£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,108
€48 less
1.1205£106.73%
Lloyds TSB logo
1,106.42
€49 less
1.1176£106.85%
Santander Foreign Currency
Santander logo
1,106.42
€49 less
1.1176£106.85%
Natwest Bank logo
1,100.84
€55 less
1.1176£157.32%
 

Travelex Online UK logo

Travelex Online UK: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.1557 (2.7% from mid-rate)
To Amount (EUR)1,155.7
Total Cost:2.7%
Time:
Rate Fetched: Sat Dec 07 2019 18:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Post Office Money logo

Post Office Money: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:0
Exchange Rate:1.1382 (4.18% from mid-rate)
To Amount (EUR)1,138.2
Total Cost:4.18%
Time:18:01 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1290 (4.95% from mid-rate)
To Amount (EUR)1,117.71
Total Cost:5.9%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1176 (5.91% from mid-rate)
To Amount (EUR)1,108
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logo

Lloyds TSB: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1176 (5.91% from mid-rate)
To Amount (EUR)1,106.42
Total Cost:6.85%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logo

Santander: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1176 (5.91% from mid-rate)
To Amount (EUR)1,106.42
Total Cost:6.85%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logo

Natwest Bank: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.1176 (5.91% from mid-rate)
To Amount (EUR)1,100.84
Total Cost:7.32%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table
Travel Money ProvidersAmount EUR(€)Exchange RateFee GBPTotal CostDeal Links
Travelex Online UK logo
1,155.7
Best Overall
1.1557£0^2.7%
Post Office Money Foreign Currency
Post Office Money logo
1,138.2
€17 less
1.138204.18%
Citibank Foreign Currency
Citibank logo
1,117.71
€38 less
1.129£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,108
€48 less
1.1205£106.73%
Lloyds TSB logo
1,106.42
€49 less
1.1176£106.85%
Santander Foreign Currency
Santander logo
1,106.42
€49 less
1.1176£106.85%
Natwest Bank logo
1,100.84
€55 less
1.1176£157.32%
 

Travelex Online UK logo

Travelex Online UK: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.1557 (2.7% from mid-rate)
To Amount (EUR)1,155.7
Total Cost:2.7%
Time:
Rate Fetched: Sat Dec 07 2019 18:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Post Office Money logo

Post Office Money: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:0
Exchange Rate:1.1382 (4.18% from mid-rate)
To Amount (EUR)1,138.2
Total Cost:4.18%
Time:18:01 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1290 (4.95% from mid-rate)
To Amount (EUR)1,117.71
Total Cost:5.9%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1176 (5.91% from mid-rate)
To Amount (EUR)1,108
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logo

Lloyds TSB: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1176 (5.91% from mid-rate)
To Amount (EUR)1,106.42
Total Cost:6.85%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logo

Santander: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1176 (5.91% from mid-rate)
To Amount (EUR)1,106.42
Total Cost:6.85%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logo

Natwest Bank: Travel Money GBP→EUR
From Amount (GBP)£1,000
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.1176 (5.91% from mid-rate)
To Amount (EUR)1,100.84
Total Cost:7.32%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

GBP to EUR Forecasts

Brexit is the dominating factor for GBP/EUR, with "no deal" likely to induce exchange rates below parity (€1.0) for the first time ever.  Read more

GBPEUR blended flags

GBP and EUR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the GBP vs EUR, you should pay attention to the recent market trends for both currencies.

British Pound Sterling (GBP)

Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Earlier in the year the pound was the worst-performing major currency by some margin. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Read more in the article GBP Forecasts.

 

Euro (EUR)

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR Forecasts.

Why can't I just get the GBP/EUR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the GBP / EUR was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

GBPEUR blended flags

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all GBP Exchange Rates