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EUR to GBP Forecasts – euro to British pound

Latest EUR to GBP forecasts including bank predictions, key market drivers and recent trends for EUR/GBP. See where analysts expect the pair to move and the factors likely to influence it.

 

EUR to GBP Forecast & Outlook

29 Jun 2026 • 00:25 GMT

EUR/GBP 0.8628

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 0.8470 – 0.8630
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🟢 Uptrend

Currently, EUR/GBP is trading close to its 90-day average, holding near recent lows in a stable range. The dominant driver remains risk sentiment, which favors safe havens and pressures risk-sensitive currencies. Over the next few sessions, the pair may face ongoing short-term downward pressure as global risk aversion persists, limiting euro strength against the pound.

💸 Transfer implications

  • Expats: sending money to the UK may find conditions less favourable than recent levels.
  • Travellers: buying GBP cash or loading cards may see the exchange rate remain supported by cautious market sentiment.
  • Businesses: paying UK invoices in GBP might face short-term costs that are slightly higher, depending on timing.

🧭 Key drivers

  • Rate gap: The UK’s cautious stance and limited monetary tightening keep the pound relatively steady versus the euro.
  • Risk/commodities: Global risk-off conditions remain dominant, supporting safe-haven currencies and pressuring riskier FX pairs.
  • Global factors: Geopolitical tensions and UK political developments continue to influence sterling stability.

⚠️ What could change it

  • Upside risk: A reduction in geopolitical tensions or improved risk appetite could support euro gains.
  • Downside risk: Further escalation of global risks or UK political uncertainty could deepen the pair’s weakness.

Finding providers with lower margins can help offset less favourable exchange conditions.

 

GBPEUR Bank Forecasts to end of the year

According to recent forecasts, major banks expect the EUR/GBP pair to trend higher by the end of the year. This is primarily due to expectations of limited monetary action from the Bank of England and ongoing economic pressures on the UK. Rabobank anticipates the pair moving towards 0.89, while ING expects it to breach 0.88, with further gains projected as the year progresses. The collective view indicates a gradual strengthening of the euro against the pound.

Big bank views

  • Rabobank predicts EUR/GBP could reach 0.89 by year-end due to UK-specific risks and inflation concerns.
  • ING forecasts EUR/GBP to rise above 0.88 by year-end as domestic pressures on sterling strengthen the euro.
  • ING also projects a continuation of this trend into 2027, with EUR/GBP potentially reaching 0.90.

What could change the outlook

  • Significant policy shifts from the Bank of England could alter sterling's trajectory.
  • Unexpected geopolitical or economic disruptions impacting eurozone stability might slow the euro's gains.
 

EUR-GBP Rate Calculator

 
 
   
   
   
   
   
 
 

EUR to GBP Market Data

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

 
Sell EUR   →   Buy GBP
1 EUR =
0.8616We compare provider deals to this wholesale mid-market rate. Read more
GBP
1d0.0%⬦
EUR to GBP at 0.8628 is just below its 3-month average, having traded in a stable 1.3% range from 0.8619 to 0.8735
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  1 GBP = 1.1607 EUR

Compare & Save - euro to British pound

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

Use our EUR to GBP calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Euro to Sterling currency rates and the possible savings of using various providers.

 
 

Will the Euro rise against the British pound?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the euro vs British pound current value is to look the EUR/GBP historic rate and change over a range of periods.

The following table looks at the change in the EUR to GBP exchange rate over periods from the previous week back to the last 10 years.

DateEUR/GBPChangePeriod
15 Jun 2026
0.8640
0.2% ▼2 Week
31 Mar 2026
0.8739
1.3% ▼3 Month
29 Jun 2025
0.8548
0.9% ▲1 Year
30 Jun 2021
0.8576
0.6% ▲5 Year
01 Jul 2016
0.8392
2.8% ▲10 Year
04 Jul 2006
0.6933
24.4% ▲20 Year
EUR/GBP historic rates & change to 29-Jun-2026

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

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

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

 

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