GBP/EUR Exchange Rate (Pound to Euro)
Live GBP/EUR exchange rate with intraday chart, daily statistics, forecasts and latest news.
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What's Driving GBP/EUR Today
◦ 🇪🇺 GBP/EUR bias has deteriorated over recent sessions
• Major resistance at 1.1600 remains undefeated and a pullback can extend from here
• GBP has been under pressure this week due to a confluence of factors:1) Makerfield by-election: A big win for Andy Burnham opens the door to him replacing Keir Starmer and taking power.
The outcome was expected, but what comes next poses significant questions about the prospect of an early election and big shift leftwards in British politics.
2) Falling oil prices have lowered the chances of inflation getting out of hand, which in turn means there's less need for the Bank of England to raise interest rates
3) With rate expectations falling due to a drop in oil prices, UK short-term bond yields have declined faster than elsewhere, including in the eurozone and U.S.
That's weighing on the GBP
4) This week's inflation data from the UK undershot market expectations, which adds to the sense that the Bank of England needs to raise interest rates.• Near-term outlook: GBP/EUR looking for stabilisation after a tough run
• Medium-term outlook, trending towards the bottom of the range at 1.1490
| One Week | 1.159 |
| One Month | 1.1579 |
| Three Months | 1.1548 |
| Six Months | 1.1505 |
| One Year | 1.1416 |
| Date | Open | Close | High | Low | Mid |
|---|---|---|---|---|---|
| Thu 25 Jun | 1.1593 | 1.1608 | 1.1613 | 1.1587 | 1.1601 |
| Wed 24 Jun | 1.1601 | 1.1593 | 1.1624 | 1.1589 | 1.1597 |
| Tue 23 Jun | 1.1594 | 1.1601 | 1.1608 | 1.1580 | 1.1598 |
| Mon 22 Jun | 1.1499 | 1.1594 | 1.1598 | 1.1499 | 1.1547 |
| Fri 19 Jun | 1.1525 | 1.1538 | 1.1551 | 1.1518 | 1.1532 |
| Thu 18 Jun | 1.1558 | 1.1525 | 1.1565 | 1.1518 | 1.1542 |
| Wed 17 Jun | 1.1566 | 1.1558 | 1.1572 | 1.1546 | 1.1562 |
| Tue 16 Jun | 1.1574 | 1.1566 | 1.1578 | 1.1558 | 1.1570 |
| Mon 15 Jun | 1.1583 | 1.1574 | 1.1595 | 1.1557 | 1.1579 |
| Fri 12 Jun | 1.1588 | 1.1589 | 1.1594 | 1.1579 | 1.1589 |
| Thu 11 Jun | 1.1589 | 1.1587 | 1.1597 | 1.1569 | 1.1588 |
| Wed 10 Jun | 1.1591 | 1.1589 | 1.1602 | 1.1582 | 1.1590 |
| Tue 9 Jun | 1.1566 | 1.1591 | 1.1595 | 1.1560 | 1.1579 |
| Mon 8 Jun | 1.1576 | 1.1566 | 1.1584 | 1.1558 | 1.1571 |
| Fri 5 Jun | 1.1562 | 1.1579 | 1.1588 | 1.1553 | 1.1571 |
| Thu 4 Jun | 1.1570 | 1.1562 | 1.1572 | 1.1552 | 1.1566 |
| Wed 3 Jun | 1.1577 | 1.1570 | 1.1586 | 1.1565 | 1.1574 |
| Tue 2 Jun | 1.1568 | 1.1576 | 1.1585 | 1.1560 | 1.1572 |
| Mon 1 Jun | 1.1550 | 1.1569 | 1.1578 | 1.1538 | 1.1560 |
Pound to Euro Forecast: 1.1548 in Three Months
These predictions are based on the forward points being traded in currency markets. These contracts are widely used by businesses, investors, and financial institutions for hedging or speculative purposes. The pricing of forwards provides valuable insights into market expectations for the future direction of currency pairs.
In one month the Pound-Euro exchange rate is forecast to be at 1.1579, according to market-implied pricing. In three months, the rate is expected to be at 1.1548. In six months the projected rate is at 1.1505. In one year the rate is expected to be at 1.1416.
Quarterly GBP/EUR targets from Goldman Sachs, Barclays, JP Morgan, Deutsche Bank, ING and more — updated weekly.
