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 further GBP/EUR gains as French debt stress keeps EUR under pressure, with the 28 October Budget the event capable of removing GBP from the trade
- GBP/EUR rose to its highest since June 2025 on 7 October, setting a new 2026 best
- French 10-year yields rose back to 4.849% on 7 October after retreating from last week's peak, keeping eurozone debt dynamics and ECB intervention live for traders
- ING: EUR suffers from a fiscal premium that remains relatively contained and from an unwinding of ECB hike expectations caused by French bond turbulence
- ECB tightening priced by March has fallen to 45bp from 80bp on 24 September, ING says
- TD Securities: EUR to remain under near-term pressure through key October dates and the Moody's ratings review, with the reaction so far tame against the last comparable OAT-Bund widening
- Barclays: French developments are likely to remain the primary driver of EUR/GBP, with GBP among the key beneficiaries of last week's widening
- Marine Le Pen's counter-budget is the next test for French bonds, and neither outcome in Paris clearly helps EUR
- 📊 A daily close above 1.18 is the first technical requirement to confirm a higher GBP/EUR base, a staging post for a push deeper into the 1.18s
- 🔭 Pound Sterling Live's medium-term forecast is for GBP/EUR to extend towards 1.19 while French spreads stay wide, with ING's 1.10 EUR/USD call putting GBP/EUR well into the 1.19s if GBP/USD holds its range
- TD Securities: EUR has defended key trendline support against GBP, and the OAT-Bund spread has retraced slightly from its 150bp peak
For the latest analysis visit the GBP/EUR News Hub →
| One Week | 1.181 |
| One Month | 1.1799 |
| Three Months | 1.177 |
| Six Months | 1.1726 |
| One Year | 1.163 |
| Date | Open | Close | High | Low | Mid |
|---|---|---|---|---|---|
| Mon 12 Oct | 1.1828 | 1.1815 | 1.1829 | 1.1814 | 1.1822 |
| Fri 9 Oct | 1.1799 | 1.1813 | 1.1823 | 1.1784 | 1.1806 |
| Thu 8 Oct | 1.1802 | 1.1800 | 1.1817 | 1.1783 | 1.1801 |
| Wed 7 Oct | 1.1789 | 1.1801 | 1.1838 | 1.1783 | 1.1795 |
| Tue 6 Oct | 1.1782 | 1.1790 | 1.1797 | 1.1774 | 1.1786 |
| Mon 5 Oct | 1.1765 | 1.1782 | 1.1824 | 1.1755 | 1.1774 |
| Fri 2 Oct | 1.1736 | 1.1767 | 1.1770 | 1.1727 | 1.1752 |
| Thu 1 Oct | 1.1708 | 1.1736 | 1.1757 | 1.1699 | 1.1722 |
Pound to Euro Forecast: 1.1770 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 1.1799, according to market-implied pricing. In three months, the rate is expected to be at 1.1770. In six months the projected rate is at 1.1726. In one year the rate is expected to be at 1.1630.
Quarterly GBP/EUR targets from Goldman Sachs, Barclays, JP Morgan, Deutsche Bank, ING and more — updated weekly.
