Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
 

Best GBP to EUR Exchange Rates Compared Live

The best GBP to EUR exchange rate is 1.1704. Compare foreign transfer and currency exchange rates, find better rates & deals.

GBP-EUR Best Exchange Rate Calculator
 

Comparing GBP-EUR exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (GBP) to Euro (EUR) rates from different sources before making a conversion.

The above Sterling to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest GBP-EUR mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : 📉 GBP to EUR struggles as BoE signals rate cuts. With dovish comments from Governor Bailey & political uncertainty, the GBP faces headwinds. HSBC & RBC see potential drops to $1.20 & $1.15. ECB rate cut speculation & Eurozone challenges weigh on EUR. Keep an eye on 1.1701 range & oil volatility for currency moves. #CurrencyUpdate #Forex #GBPEUR #MarketInsight

Multi-Vendor Quote

We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

Request Quotes

Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
 

GBP to EUR Market Data

Pound Sterling (GBP) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 GBP =
1.1704We compare provider deals to this wholesale mid-market rate. Read more
EUR
+0.2%
📈1W
GBP to EUR is at 7-day highs near 1.1701, near its 3-month average, having traded in a very stable 2.2% range from 1.1507 to 1.1758
|
Sell GBP   â†’   Buy EUR
My Rates

Manage My Rates   


DateGBP/EURChangePeriod
14 Mar 2024
1.1711
0.1% â–¼2 Week
29 Dec 2023
1.1523
1.5% â–²3 Month
29 Mar 2023
1.1354
3.1% â–²1 Year
30 Mar 2019
1.1624
0.7% â–²5 Year
31 Mar 2014
1.2099
3.3% â–¼10 Year
02 Apr 2004
1.5095
22.5% â–¼20 Year
GBP/EUR historic rates & change to 28-Mar-2024
 

What are equivalent amounts of GBP and EUR?

Here are some popular conversion amounts for GBP to EUR (Pound Sterling to Euro)*.

GBP EUR
£ 1 1.1704
£ 5 5.8520
£ 10 11.70
£ 20 23.41
£ 50 58.52
£ 100 117.04
£ 250 292.60
£ 500 585.20
£ 1,000 1,170
£ 2,000 2,341
£ 5,000 5,852
£ 10,000 11,704
£ 20,000 23,408
£ 50,000 58,520
£ 100,000 117,040
GBP EUR
£ 0.8544 € 1
£ 4.2720 € 5
£ 8.5440 € 10
£ 17.09 € 20
£ 42.72 € 50
£ 85.44 € 100
£ 213.60 € 250
£ 427.20 € 500
£ 854.40 € 1,000
£ 1,709 € 2,000
£ 4,272 € 5,000
£ 8,544 € 10,000
£ 17,088 € 20,000
£ 42,720 € 50,000
£ 85,440 € 100,000

More amounts

*Converted at the current GBPEUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for GBP to EUR

 

Based on recent forecasts and market updates, the GBP to EUR exchange rate is facing various headwinds. The Pound (GBP) has been under pressure following dovish comments from Bank of England (BoE) Governor Andrew Bailey, hinting at potential interest rate cuts in the coming months. FX analysts predict further downside for the Pound against the Euro (EUR) as the BoE lays the groundwork for a shift towards interest rate cuts, with some institutions such as HSBC and RBC foreseeing the GBP falling to $US1.20 and $US1.15 respectively in the second half of the year. Additionally, concerns around political uncertainty in the UK and the potential for a stagflationary environment are expected to negatively impact the Pound moving forward, as highlighted by analysts.

Read our full review of recent GBP to EUR forecasts.

 

How to get a good GBP to EUR exchange rate

There are several ways to save on exchange rates when converting Pound Sterling to Euro:

  1. Shop around for the best GBP/EUR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the GBP/EUR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and EUR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Euro with Pound Sterling, then it's better for the GBP/EUR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Pound Sterling rise against the Euro?

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/EUR to your personalised Rate Tracker to track and benefit from currency movements.

 
Track Rate
 

Manage My Rates   

 

Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.

 
 
 

Currency Country Guides

EurozoneEurozone (EUR)United KingdomUnited Kingdom (GBP)Aaland IslandsAaland Islands (EUR)
AndorraAndorra (EUR)AustriaAustria (EUR)BelgiumBelgium (EUR)
CroatiaCroatia (EUR)CyprusCyprus (EUR)EstoniaEstonia (EUR)
FinlandFinland (EUR)FranceFrance (EUR)French GuineaFrench Guinea (EUR)
French Southern TerritoriesFrench Southern Territories (EUR)GermanyGermany (EUR)GreeceGreece (EUR)
GuadeloupeGuadeloupe (EUR)Vatican CityVatican City (EUR)IrelandIreland (EUR)
ItalyItaly (EUR)LuxembourgLuxembourg (EUR)MaltaMalta (EUR)
MartiniqueMartinique (EUR)MayotteMayotte (EUR)MonacoMonaco (EUR)
MontenegroMontenegro (EUR)NetherlandsNetherlands (EUR)PortugalPortugal (EUR)
ReunionReunion (EUR)Saint BarthelemySaint Barthelemy (EUR)Saint MartinSaint Martin (EUR)
Saint Pierre and MiquelonSaint Pierre and Miquelon (EUR)San MarinoSan Marino (EUR)SlovakiaSlovakia (EUR)
SloveniaSlovenia (EUR)SpainSpain (EUR)
 

Which Eurozone country has the cheapest cost of living?

The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:

  • Greece: Greece has a relatively low cost of living compared to other Eurozone countries.

  • Portugal: Portugal has a lower cost of housing than in other Eurozone countries.

  • Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.

  • Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.

    Read more at our Eurozone (EUR) country guide

   
 
 

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

^ Scroll back up to ^

^