Pound to Euro Forecast and Live Exchange Rate
The pound to euro forecast from investment banks and market pricing, with the live GBP/EUR rate, charts and daily analysis
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Updated
What's Driving GBP/EUR
- 🇪🇺 Pound Sterling Live forecasts GBP/EUR consolidating beneath 1.20 this week, with UK GDP the main test and French fiscal stress keeping any setback shallow
- GBP/EUR has tested 1.20 repeatedly since late October without a daily close above it, rising to 1.2015 on 5 November after the Bank of England's hike before falling back
- Bank of England raised Bank Rate to 4.00% unanimously on 5 November, with Chief Economist Huw Pill saying a single 25bp hike is unlikely to be sufficient and markets pricing slightly better than even odds of a December move
- UK third-quarter GDP on 12 November, consensus 0.7%, is the main test, with Lloyds forecasting 0.8%, the strongest quarter since early 2022
- KBC: the Bank of England's backing serves as a strong GBP floor going forward
- French-German 10-year spread stood above 155bp on 4 November, against around 70bp at the end of 2025, with lawmakers voting on the 2027 budget on 17 November
- Crédit Agricole: the contrast between UK fiscal discipline and France's political and fiscal upheaval remains a key support for GBP against EUR
- ING: EUR/GBP trades 2.6% to 2.8% below short-term fair value, with a return to 0.8400 – 1.1905 in GBP/EUR – the most realistic move in coming weeks
- 📊 GBP/EUR's RSI at 75 has turned lower from the mid-80s, and the steeply rising 21-day at 1.1930 sits around 0.5% beneath the market, a gap sideways trade can close
- GBP/EUR is seen holding between 1.1930 and 1.20 this week, with a daily close above 1.20 opening 1.2016 and a close beneath the 21-day signalling a deeper consolidation
- 🔭 Pound Sterling Live's medium-term forecast is for GBP/EUR to settle into a higher range that incorporates 1.20, with its upper reaches in the mid-1.20s
For the latest analysis visit the GBP/EUR News Hub →
| One Week | 1.197 |
| One Month | 1.1958 |
| Three Months | 1.1926 |
| Six Months | 1.1879 |
| One Year | 1.1774 |
| Date | Open | Close | High | Low | Mid |
|---|---|---|---|---|---|
| Fri 13 Nov | 1.1973 | 1.1986 | 1.1990 | 1.1956 | 1.1980 |
| Thu 12 Nov | 1.1969 | 1.1973 | 1.1978 | 1.1956 | 1.1971 |
| Wed 11 Nov | 1.1952 | 1.1969 | 1.1975 | 1.1945 | 1.1961 |
| Tue 10 Nov | 1.1976 | 1.1953 | 1.1984 | 1.1942 | 1.1965 |
| Mon 9 Nov | 1.1983 | 1.1976 | 1.1995 | 1.1970 | 1.1980 |
| Fri 6 Nov | 1.1989 | 1.1983 | 1.2000 | 1.1973 | 1.1986 |
| Thu 5 Nov | 1.1997 | 1.1989 | 1.2015 | 1.1977 | 1.1993 |
| Wed 4 Nov | 1.1986 | 1.1997 | 1.2003 | 1.1962 | 1.1992 |
| Tue 3 Nov | 1.1984 | 1.1986 | 1.2005 | 1.1978 | 1.1985 |
| Mon 2 Nov | 1.1998 | 1.1985 | 1.2004 | 1.1956 | 1.1992 |
Pound to Euro Forecast: 1.1926 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 1.1958, according to market-implied pricing. In three months, the rate is expected to be at 1.1926. In six months the projected rate is at 1.1879. In one year the rate is expected to be at 1.1774.
Quarterly GBP/EUR targets from Goldman Sachs, Barclays, JP Morgan, Deutsche Bank, ING and more — updated weekly.
