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    Best GBP to EUR Exchange Rates

    The best GBP to EUR rate is 1.1675, and is the current mid-market exchange rate. We help you compare Pound Sterling to Euro rates and costs to this live market rate.

    In this Sterling to Euro (GBP/EUR) rate guide:

    Compare exchange rates - GBP to EUR

    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 below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on Sterling to Euro currency rates and the possible savings of using various providers.


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    @bestfxrates : 📈 GBP to EUR hits 60-day peak, trading near 1.1621 amidst cautious forecasts. Analysts eye potential GBP decline vs USD; EUR may rise cautiously. Market view suggests mixed central bank signals & economic data will shape #GBPEUR dynamics. Stay tuned for updates. #ForexMarket #CurrencyTrading

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    GBP to EUR Market Data

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

    1 GBP =
    1.1675We compare provider deals to this wholesale mid-market rate. Read more
    GBP to EUR is at 60-day highs near 1.1674, 1.1% above its 3-month average of 1.155, having traded in a very stable 2.7% range from 1.1410 to 1.1719
    Sell GBP   →   Buy EUR
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    60-DAY HIGH
    1-DAY +0.9%
    16 Nov 2023
    1.4% 2 Week
    01 Sep 2023
    0.6% 3 Month
    30 Nov 2022
    0.1% 1 Year
    01 Dec 2018
    3% 5 Year
    02 Dec 2013
    4% 10 Year
    05 Dec 2003
    18.4% 20 Year
    GBP/EUR historic rates & change to 30-Nov-2023

    Forecasts for GBP to EUR

    GBPEUR chart
    60-DAY HIGH
    1-DAY +0.9%

    The British Pound (GBP) and the Euro (EUR) have both been subject to recent exchange rate analyst forecasts that paint a cautious picture for their future performance against the US Dollar (USD). Currency strategists from Wells Fargo, TD Securities, and Danske Bank collectively suggest that the GBP could decline to 1.20 or lower against the USD by early 2024, explaining the potential end to the Bank of England's policy tightening and the fragility of the Pound as contributing factors. HSBC and Barclays also reflected a less optimistic stance, recently shifting from their previously bullish perspectives. The Pound's volatility, influenced by political events such as Brexit and shifts in central bank policy, was highlighted when GBP/USD hit an all-time low since decimalization in September 2022, underscoring the momentum-driven nature of "Cable".

    Read our full GBP to EUR forecasts analysis

    GBP to EUR flags

    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 BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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.


    Country Currency 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

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