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
Live Rate
1 GBP = 1.1958 EUR ▼ -0.0300%
High 1.1962
Low 1.1952
Open 1.1960
Prev. Close 1.1961
One Week
+0.30%
1.1962 H · 1.1902 L
One Month
+2.16%
1.1962 H · 1.1699 L
One Year
+4.06%
1.1962 H · 1.1378 L
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Updated
What's Driving GBP/EUR
- 🇪🇺 Pound Sterling Live forecasts GBP/EUR consolidating with a shallow pullback this week from deeply overbought levels, with Chancellor John Healey's first Budget on 28 October the key downside risk
- GBP/EUR reached a 17-month high on 23 October after a fourth consecutive weekly gain, carried by a UK jobs beat and above-consensus inflation
- Crédit Agricole: its FAST FX model has opened a short GBP/EUR trade with the pair more than 1.5 standard deviations above fair value, targeting a return to it
- Crédit Agricole: EUR/GBP fair value fell to 0.8467, equivalent to 1.1811 in GBP/EUR, as peripheral bond spreads widened, yet the exchange rate has fallen further than that stress justifies
- Bank of America: turned neutral on GBP/EUR on 23 October after its 0.84 EUR/GBP target was reached, and expects GBP to consolidate as the Budget looms
- Nomura: Healey is expected to let fiscal headroom fall to around £15bn from the £23.6bn estimated in March
- ECB decides on 29 October with the deposit rate expected to hold at 2.50%, and a hawkish Lagarde keeping a December hike in play would support EUR
- 📊 GBP/EUR's RSI at 76 has turned lower from a record overbought reading, pointing to consolidation
- Buyers are likely to return on GBP/EUR dips towards 1.1850, where the pair consolidated in mid-October, with the former range ceiling at 1.1650 marking the base of the breakout
- 🔭 Pound Sterling Live's medium-term forecast is for GBP/EUR to reach 1.20 by year-end once the Budget passes without incident, with the 100-day average rising at 1.1692
- A Budget that over-commits to borrowing would push gilt yields higher for the wrong reasons, with September borrowing already £24.5bn, nearly £2bn above the OBR's forecast
For the latest analysis visit the GBP/EUR News Hub →
GBP/EUR Forward Forecasts
| One Week | 1.1958 |
| One Month | 1.1946 |
| Three Months | 1.1916 |
| Six Months | 1.1869 |
| One Year | 1.1765 |
Forward-point forecasts based on market pricing. Not investment advice. For bank and analyst consensus, see the GBP/EUR Forecast page.
See the full GBP/EUR forecast → Latest GBP/EUR News More news →
Daily Pound to Euro Statistics
Select month:
| Date | Open | Close | High | Low | Mid |
|---|---|---|---|---|---|
| Wed 28 Oct | 1.1960 | 1.1958 | 1.1962 | 1.1952 | 1.1959 |
| Tue 27 Oct | 1.1941 | 1.1961 | 1.1962 | 1.1934 | 1.1951 |
| Mon 26 Oct | 1.1938 | 1.1941 | 1.1943 | 1.1902 | 1.1940 |
| Fri 23 Oct | 1.1949 | 1.1940 | 1.1959 | 1.1935 | 1.1945 |
| Thu 22 Oct | 1.1925 | 1.1948 | 1.1949 | 1.1911 | 1.1937 |
| Wed 21 Oct | 1.1906 | 1.1924 | 1.1945 | 1.1898 | 1.1915 |
| Tue 20 Oct | 1.1866 | 1.1906 | 1.1927 | 1.1862 | 1.1886 |
| Mon 19 Oct | 1.1907 | 1.1866 | 1.1913 | 1.1863 | 1.1887 |
| Fri 16 Oct | 1.1832 | 1.1859 | 1.1879 | 1.1827 | 1.1846 |
| Thu 15 Oct | 1.1825 | 1.1832 | 1.1841 | 1.1795 | 1.1829 |
| Wed 14 Oct | 1.1836 | 1.1825 | 1.1867 | 1.1817 | 1.1831 |
| Tue 13 Oct | 1.1840 | 1.1837 | 1.1844 | 1.1823 | 1.1839 |
| Mon 12 Oct | 1.1828 | 1.1839 | 1.1842 | 1.1812 | 1.1834 |
| 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 |
GBP/EUR Historical Data
Best GBP/EUR Exchange Rate
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Bank rate 1.1958
Transfer rate 1.1916 0% fee
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GBP/EUR Forward Curve · Market Implied Expectations
Pound to Euro Forecast: 1.1916 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 1.1946, according to market-implied pricing. In three months, the rate is expected to be at 1.1916. In six months the projected rate is at 1.1869. In one year the rate is expected to be at 1.1765.
Short-term Bearish
Medium-term Bearish
Long-term Bearish
3-Month implied 1.1916
Market Implied Expectations: GBP/EUR · 28 Oct 2026
Investment Bank Research
GBP/EUR Bank Forecast Consensus
Quarterly GBP/EUR targets from Goldman Sachs, Barclays, JP Morgan, Deutsche Bank, ING and more — updated weekly.
Bear case
X.XXXX
Consensus
X.XXXX
Bull case
X.XXXX
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Disclaimer: All forecasts sourced from published research by investment banks and independent analysts. They represent forward-looking opinions subject to revision without notice. Pound Sterling Live does not endorse any forecast and accepts no liability for decisions made on the basis of these projections. This page does not constitute investment advice.