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Best Exchange Rates United Kingdom

Compare & Save on British Pound Sterling (GBP) Exchange Rates from leading foreign exchange providers in the United Kingdom

 

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We compare and review only trusted regulated FX brands

  • Transferwise
  • OFX
  • World First
  • TorFX
  • Travelex UK
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Market Outlook for the British pound sterling

GBP/USD – 3 Month chart

The Brexit debacle continues, as does above-average volatility in the British pound. Until now, the UK government’s inability to make any decisions has been to sterling’s advantage, since this casts doubt on the delivery of Brexit and/or makes a softer Brexit more likely.

Sterling’s uptrend is evident from recent peaks against the dollar, coming in at $1.322 on January-25, at $1.335 on February-27, and at $1.338 on March-13. Sterling had been as low as $1.237 in early January. It was at $1.32 at the time of this report.

Increasing the risk of a no-deal Brexit (potentially very bad for sterling) was the statement made on March-20 by EU Council President Donald Tusk, who said that the EU would agree to the Article 50 extension sought by the UK government only if British MPs first backed the current withdrawal agreement—the one that had twice been defeated by large parliamentary majorities.

Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling would be valued at levels near $1.10 in the event of no-deal, near $1.45 with a deal and at $1.55 if Brexit is cancelled.


 

Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes

GBP-EUR Foreign Transfers - Compare

Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee GBPTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
5,753 EUR
Best Overall
1.1506£0^0.67%Bank Transfers - Online & Phone1-2 days
 
TorFX logo
5,747 EUR
6 EUR
1.149400.78%Bank Transfers - Online & Phone1-2 days
HSBC logo
5,632.04 EUR
121 EUR
1.1281£7.52.76%Online, Branch, Bank Transfers2-3 days
 
Natwest Bank logo
5,600.65 EUR
152 EUR
1.1235153.3%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
5,575.09 EUR
178 EUR
1.1177123.74%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
5,575 EUR
178 EUR
1.1184153.74%Online, Branch, Bank Transfers2-3 days
Santander International Money Transfers
 
Santander logo
5,543.24 EUR
210 EUR
1.1131204.29%Online, Branch, Bank Transfers2-3 days
 
Lloyds TSB logo
5,526.31 EUR
227 EUR
1.1097204.59%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.1506 (0.67% from mid-rate)
EUR amount:5,753 EUR
Total Cost:0.67%
Time:
Rate Fetched: Wed Mar 20 2019 16:09:19 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:
Exchange Rate:1.1494 (0.78% from mid-rate)
EUR amount:5,747 EUR
Total Cost:0.78%
Difference:
6 EUR less than using OFX
Time:18:09 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:1.1281 (2.62% from mid-rate)
EUR amount:5,632.04 EUR
Total Cost:2.76%
Difference:
121 EUR less than using OFX
Time:18:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.1235 (3.01% from mid-rate)
EUR amount:5,600.65 EUR
Total Cost:3.3%
Difference:
152 EUR less than using OFX
Time:18:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:1.1177 (3.51% from mid-rate)
EUR amount:5,575.09 EUR
Total Cost:3.74%
Difference:
178 EUR less than using OFX
Time:18:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:1.1097 (4.2% from mid-rate)
EUR amount:5,575 EUR
Total Cost:3.74%
Difference:
178 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logoSantander

Santander: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.1131 (3.91% from mid-rate)
EUR amount:5,543.24 EUR
Total Cost:4.29%
Difference:
210 EUR less than using OFX
Time:18:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Foreign Transfer GBP→EUR
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:1.1097 (4.2% from mid-rate)
EUR amount:5,526.31 EUR
Total Cost:4.59%
Difference:
227 EUR less than using OFX
Time:18:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Foreign transfer savings sending $10K AUD to USD
 

 

Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Travel Money Providers
Ratings & Reviews
Amount EUR(€)Exchange RateFee GBPTotal CostCurrency ServicesDelivery/CollectDeal Links
 
Travelex Online UK logo
1,140 EUR
Best Overall
1.14£0^1.59%Online order, Branch pickup, Home delivery2-3 days
Post Office Foreign Currency
Post Office logo
1,110 EUR
30 EUR
1.1104.18%Online order, Branch pickup, Home delivery2-3 days
Citibank Foreign Currency
Citibank logo
1,090.09 EUR
50 EUR
1.1011£105.9%Branch-
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
1,080 EUR
60 EUR
1.0927£106.73%Branch-
 
Lloyds TSB logo
1,079 EUR
61 EUR
1.0899£106.85%Branch-
Santander Foreign Currency
 
Santander logo
1,079 EUR
61 EUR
1.0899£106.85%Branch-
 
Natwest Bank logo
1,073.55 EUR
66 EUR
1.0899£157.32%Branch-
Travelex Online UK: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.14 (1.59% from mid-rate)
EUR amount:1,140 EUR
Total Cost:1.59%
Time:
Rate Fetched: Wed Mar 20 2019 16:30:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
Post Office: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:0
Exchange Rate:1.1100 (4.18% from mid-rate)
EUR amount:1,110 EUR
Total Cost:4.18%
Time:18:09 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.1011 (4.95% from mid-rate)
EUR amount:1,090.09 EUR
Total Cost:5.9%
Time:18:09 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.0899 (5.91% from mid-rate)
EUR amount:1,080 EUR
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.0899 (5.91% from mid-rate)
EUR amount:1,079 EUR
Total Cost:6.85%
Time:18:09 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logoSantander

Santander: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:1.0899 (5.91% from mid-rate)
EUR amount:1,079 EUR
Total Cost:6.85%
Time:18:09 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Travel Money GBP→EUR
GBP amount:£1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.0899 (5.91% from mid-rate)
EUR amount:1,073.55 EUR
Total Cost:7.32%
Time:18:09 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Online travel money savings
 

 

Foreign Exchange News

US Dollar Plunges After Fed Signals No Rate Hikes This Year

The US dollar crumbled on Wednesday after the Federal Reserve signaled it would keep interest rates unchanged throughout 2019, thereby backtracking on the two rate hikes it predicted in December.

Updated: 20 Mar, 2019

CBOE Ditches Bitcoin Futures Amid Reduced Interest

Amid declining interest, the Chicago Board Options Exchange, or CBOE, has announced it will no longer offer bitcoin futures contracts once current contracts expire in June.

Updated: 19 Mar, 2019

Australian Dollar Still Struggling; AUD/GBP at Lowest Since 2016

A slight advance in AUD/USD this week to $0.705 is hardly cause for celebration; however, the stability this represents following 3 weeks of losses would normally signify reduced currency pessimism—in this case, it doesn’t even do that.

Updated: 19 Mar, 2019

Pound Falls From 21-Month High After Doubts Cast on May’s “Legally Binding” Assurances

GBP British Pound Sterling Exchange Rate Forecast Brexit

The pound fell rapidly away from long-term highs on Tuesday morning after Britain’s Attorney General said that the “legally binding” assurances secured on Monday night by Theresa May merely “reduced the risk” of the UK being trapped in a permanent backstop.

Updated: 19 Mar, 2019

 

Euro Market Outlook

EUR/GBP – 3 month chart

Between November and February, the euro was remarkably stable relative to the US dollar, against which it traded for the most part between $1.125 and $1.155. In the days leading up to this report, in March, the euro broke downwards to a 21-month low of $1.118.

Further to Brexit uncertainty, euro weakness followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 at the earliest as part of an effort to lift the eurozone economy out of this “period of continued weakness.”

ING analysts wrote in March that they expect the low-yielding euro to continue to depreciate against the dollar over the coming months. Danske Bank predicted a euro dip towards $1.1 before a rally over 3-6 months back into a $1.12-1.16 range.

Compare GBP-EUR Exchange Rates.

Australian Dollar Market Outlook

GBP/AUD – 3 month chart

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Compare GBP-AUD Exchange Rates.

 

Money Saving Guides

Best exchange rates sending money from UK

The holy grail when you send money abroad is finding an organisation that you can trust and one that offers the best exchange rates along with transparent, smart and straightforward customer service.

Updated: 6 Mar, 2019

Best Currency Exchange Rates in London

In this article we show you how to save money if you find yourself looking for Foreign Cash in London.

Updated: 3 Mar, 2019

Prepaid Travel Cards – Comparing Features and Fees

We look at the Pros & Cons of using a Travel Card on your travels When planning an overseas trip figuring out how to access your money while away is complicated and often left to the last minute. You then end up paying high fees for changing foreign cash or with unexpected fees on your […]

Updated: 28 Feb, 2019

Order Online for Cheap Currency Exchange Deals in UK

We show you how to pre-order foreign cash online for better currency exchange rates and save money for your next trip.

Updated: 28 Feb, 2019

 

Money Transfer Provider Reviews – UK

TransferWise – BER Review

TransferWise has been making waves in the global payments market since it came on the scene back in 2011 and is undoubtedly one of the best services for sending money across borders.

Updated: 20 Mar, 2019

TransferWise Borderless Account – BER Review

TransferWise’s Borderless Account allows users to hold and convert funds in 40 different currencies, and send and spend internationally, all at the “real” exchange rate and with the low fees that TransferWise is renowned for. Users can also receive major-currency payments free of charge.

Updated: 20 Mar, 2019

WorldFirst Foreign Transfers – BER Review

WorldFirst is a market leader in the international payments space and is consistently ranked among the most reliable and cheapest money transfer handlers for four-figure sums.

Updated: 19 Mar, 2019

 

Currency Exchange by Location in the UK

Best Currency Exchange Rates in London
Best Currency Exchange Rates in Birmingham
Best Currency Exchange Rates in Glasgow

 

Fintech FX News

WorldFirst Owners Target European Expansion

Ant Financial, the Chinese fintech giant that recently acquired WorldFirst, has set its sights on Europe, where it plans to take its share of both cross-border and point-of-sale payments.

Updated: 19 Mar, 2019

CBOE Ditches Bitcoin Futures Amid Reduced Interest

Amid declining interest, the Chicago Board Options Exchange, or CBOE, has announced it will no longer offer bitcoin futures contracts once current contracts expire in June.

Updated: 19 Mar, 2019

Revolut Introduces Auto Currency Exchange

Digital bank Revolut announced this week the introduction of a significant new feature: auto currency exchange based on targeted exchange rates.

Updated: 8 Mar, 2019

Messaging Apps to Take Slice of Remittance Market Using Their Own Cryptocurrencies

Users of popular messaging apps, including WhatsApp and Line, might soon be able to make cross-border payments effortlessly. In a move that will further disrupt the payments industry, the creators of such apps, including Facebook, are working hard to develop their own digital currencies that can be transferred to anyone in a user’s contact list.

Updated: 19 Mar, 2019

 

Get a Better FX Deal when you Send and Spend Abroad.