The pound-to-euro forecast is an indication of where technical and fundamental analysts think the GBPEUR price may be in the future. You can use these exchange rate forecasts to help you decide if now is the right time to buy Euros, or if you should wait until the price improves.
When Is The Best Time To Buy Euros From Pounds?
Ultimately the best time to buy Euros is when you need them, as it is very difficult to predict the best time to buy Euro. The GBPEUR exchange rate change sconstantly. The best time you can buy Euro is when it is convenient and you are happy with the service and rate offered by a currency broker. We recommend not leaving it too late to buy your Euro if you are travelling.
| GBPEUR Price | 1 Day Change | 1 Week Change | 1 Month Change | 1 Year Change |
| 1.15392 | 0.28% | 0.28% | 0.23% | -3.39% |
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GBPEUR Forecast Highlights
- GBPEUR’s extends rebound into 1.150-1.160
- Improving UK economic data behind recent GBP recovery
- Watch for a test, and break, of the 1.160 range resistance
How has the Pound performed against the Euro recently?
Pound Sterling is embarking a gentle recovery against major currencies. It has, in recent weeks, even managed to stop depreciating against the world’s strongest currency: Swiss Franc.
Looking at GBPEUR, the rate has decisively broken the pattern of falling highs last month. A trail of weekly green candles is hauling the rate back to 1.160, the highs established in 2H of 2025.
Can the rate break this lateral resistance? Perhaps. But whether the rate can stay above it is another matter.
GBPEUR is not a FX rate that trends singularly in one direction over the long term. Ranging is the default pattern here. The reason is economically simple: the two regions – UK and EU – tend perform in the same direction. Their underlying economic factors, like inflation and growth, sync broadly.
Recent newsflow, however, is favouring the UK (see below). This tilts the balance towards GBP.
Should macro data continue to improve further, GBPEUR should be able to range higher, perhaps reaching the 1.180-1.170 upper band in the second quarter.
Is it a good time to buy Euros with Pounds?
GBP’s recent rebound (1.160) is offering a better rate for many buyers of the Euro. So is it a good time to buy some now?
The answer is affirmative if you do need some Euros now. Buy a portion (target 1.155-1.160) and then wait to see if a further bounce materialise (to 1.170).
Given Sterling’s newfound strength, the rate may extend its rally against the Euro. Watch to exchange the rest near 1.170-1.180.
You can secure these Euros for use in the future with a currency forward.
Will the pound strengthen against the Euro in the first quarter of 2026?
The British economy got off to a reasonably firm start in the new year.
The past few weeks, for example, saw a string of better-than-expected UK macro data:
- UK grocery inflation (end-Jan) easing from 4.3 percent to 4.0 percent
- “S&P Global UK services purchasing managers’ business activity index climbed to 54.0 points in January from 51.4 in December” – (AJ Bell, link)
- “UK Manufacturing PMI: Industry opens 2026 with strongest growth in 17 months” (news link)
UK businesses are using the window of opportunity following the chaotic Autumn Budget to execute their plans.
The Eurozone, in contrast, is showing a mixed picture. According to this article:
Business confidence across the single currency bloc improved to its strongest level since February 2022, but firms kept cutting jobs and inventories as cost pressures intensified to a three-year high…..The uneven picture was underlined by national divergences: Greece, France and the Netherlands recorded expansion, while Germany, Italy, Spain and Austria all remained in decline.
Exchange rate movements are all about relative comparisons. As the UK economy does slightly better than the EU, this is reflected immediately in the GBPEUR, especially as Sterling was quite oversold back in December.
The key issue now is: Are these economic trends (or recoveries) durable? Very often, economic rebound got cut off by either policy uncertainties, falling international growth or other exogenous catalysts.
In the absence of these unforeseen developments, we assume that UK’s rebound and economic outperformance can last for a few more weeks in the first quarter. As such, the exchange rate may attempt to break into the next trading at 1.160-1.180.
(Note: UK Bank of England and European Central Bank to hold monetary meetings in early February)
What is the GBPEUR forecast in weeks, months, years?
Despite the ongoing rally in GBPEUR, aggregate market predictions are somewhat uninspiring. The general trend appears to head modestly downwards (EUR stronger).
That said, the forecast range is observed to fan wider and wider until the third quarter of 2026. This means that these forecasts contain plenty of uncertainties, with a few brokers taking a stronger view of the rate.
According to these predictions, GBPEUR’s base scenario is a generally flat trend with some slight downward skew.
Source: Exchangerates.org.uk (Feb 2026)
Where is the best place for buying large amounts of Euros from Pounds
There are two different ways people buy Euros from Pounds
- Through a currency broker like Currencies Direct, OFX or Global Reach– when transferring money abroad
- Through a forex broker like CMC Markets, City Index or IG – when speculating on the price of currency
You can use our comparison table of currency brokers to see how many currencies they offer, what the minimum Euro transfer is and if they offer forwards and currency options as well as when they were established. You can either visit each currency broker individually or use our currency quote comparison tool to request multiple exchange rates.
Or, if you are more interested in trading GBPEUR, you can compare forex brokers here.
What is the live GBPEUR exchange rate?
The current GBPEUR exchange rate is 1.15392 which is a change of 0.28% from the previous days closing price. Over a week GBPEUR is 0.28%, compared to it’s change over a month of 0.23% and one year of -3.39%.
GBPEUR exchange rate data is updated every 15 minutes.
Other Forecasts:
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