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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 = 1.1707 EUR

Sell GBP - Buy EUR  Invert

GBP to EUR - Trading Range (90 Day)
14-DAY LOW (6d)
GBP/EUR at 1.1713 is trading near the 90-day average 1.168 with a range 1.1125 to 1.2004. There are no current rate alerts.
19-Jan-2020 16:NY 21:LON 08:SYD+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
TorFX logo
5,764.5
Best Overall
1.152901.54%
OFX logo
5,807.5
€43 more
1.1615£0^0.8%
WorldFirst logo
5,825
€61 more
1.16500.5%
HSBC logo
5,649.01
€115 less
1.1315£7.53.51%
Natwest Bank logo
5,617.6
€147 less
1.1269154.05%
Citibank International Money Transfers
Citibank logo
5,592.05
€172 less
1.1211124.48%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
5,591
€173 less
1.1216154.5%
Santander International Money Transfers
Santander logo
5,560.17
€204 less
1.1165205.03%
Lloyds TSB logo
5,537.26
€227 less
1.1119205.42%
 
TorFX logo
TorFX: Foreign Transfer GBP→EUR
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.1529 (1.54% from mid-rate)
To Amount (EUR)5,764.5
Total Cost:1.54%
Time:6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
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:1.1615 (0.8% from mid-rate)
To Amount (EUR)5,807.5
Total Cost:0.8%
Difference:
€43 EUR more than using TorFX
Time:
Rate Fetched: 6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer GBP→EUR
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.1650 (0.5% from mid-rate)
To Amount (EUR)5,825
Total Cost:0.5%
Difference:
€61 EUR more than using TorFX
Time:6:01 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:1.1315 (3.36% from mid-rate)
To Amount (EUR)5,649.01
Total Cost:3.51%
Difference:
€115 EUR less than using TorFX
Time:6:01 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:1.1269 (3.76% from mid-rate)
To Amount (EUR)5,617.6
Total Cost:4.05%
Difference:
€147 EUR less than using TorFX
Time:6:01 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:1.1211 (4.25% from mid-rate)
To Amount (EUR)5,592.05
Total Cost:4.48%
Difference:
€172 EUR less than using TorFX
Time:6:01 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:1.1130 (4.94% from mid-rate)
To Amount (EUR)5,591
Total Cost:4.5%
Difference:
€173 EUR less than using TorFX
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:1.1165 (4.65% from mid-rate)
To Amount (EUR)5,560.17
Total Cost:5.03%
Difference:
€204 EUR less than using TorFX
Time:6:01 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:1.1119 (5.04% from mid-rate)
To Amount (EUR)5,537.26
Total Cost:5.42%
Difference:
€227 EUR less than using TorFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/20/2020 - 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.


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)

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

For GBP forecasts and predictions read our British Pound Forecasts summary.

Read more in the article GBP Forecasts.

 

Euro (EUR)

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

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.

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