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GBP to EUR Forecasts – British pound to euro

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

 

GBP to EUR Forecast & Outlook

28 Mar 2026 • 00:26 GMT

GBP/EUR 1.1491

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1390 – 1.1600
  • Dominant driver: 🏦 Central bank policy divergence
  • 3-month trend: 🟢 Uptrend

Currently, GBP/EUR is trading near its 14-day lows around 1.1491, close to the 3-month average. The pair is consolidating within its recent range, pressured by a wider risk-off tone and the ECB's hawkish stance. Over the next few sessions, the pair may find support around current levels, but the bias suggests diminished upside potential as global risk sentiment remains cautious.

💸 Transfer implications

  • Expats: sending money to Euro zone countries may find current exchange rates slightly less favourable than recent levels.
  • Travellers: exchanging currency might face limited gains if the pair remains under pressure.
  • Businesses: paying Euro invoices with GBP could experience a less advantageous rate if the pair weakens further.

🧭 Key drivers

  • Rate gap: The ECB maintains a hawkish stance, while the BoE's easing is expected to be slower, narrowing the rate differential.
  • Risk/commodities: The risk-off environment supports safe-haven currencies and pressures risk-sensitive FX.
  • Global factors: Slower UK growth prospects amid inflation concerns reinforce the pair’s subdued bias.

⚠️ What could change it

  • Upside risk: A bounce in risk sentiment or clearer signs of UK economic resilience could lift GBP/EUR.
  • Downside risk: Further escalation of geopolitical tensions or worsening global risk appetite could deepen the pair’s decline.

Shopping around for the lowest margin provider may help reduce overall transfer costs.

GBP-EUR Rate Calculator

 
 
   
   
   
   
   
 
 

GBP to EUR Market Data

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

 
Sell GBP   →   Buy EUR
1 GBP =
1.1493We compare provider deals to this wholesale mid-market rate. Read more
EUR
1d−0.6%▼
GBP to EUR is at 14-day lows near 1.1491, near its 3-month average, having traded in a stable 1.7% range from 1.1403 to 1.1595
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  1 EUR = 0.8701 GBP

Compare & Save - British pound to euro

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

Use our GBP to EUR 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 Sterling to Euro currency rates and the possible savings of using various providers.

 
 

Will the British pound rise against the Euro?

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

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

DateGBP/EURChangePeriod
13 Mar 2026
1.1542
0.2% ▲2 Week
27 Dec 2025
1.1465
0.8% ▲3 Month
27 Mar 2025
1.1991
3.6% ▼1 Year
28 Mar 2021
1.1699
1.2% ▼5 Year
29 Mar 2016
1.2744
9.3% ▼10 Year
01 Apr 2006
1.4345
19.4% ▼20 Year
GBP/EUR historic rates & change to 27-Mar-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 GBP/EUR 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