Use this live chart to see how the pound is performing against the euro right now. Whether you're transferring money today or just keeping an eye on trends, this view helps you spot changes as they happen.
Here’s how the GBP to EUR rate has moved over the last 12 months:
The pound to euro rate often reacts to economic data or central bank signals. But it’s not just about interest rates. Political news and shifts in market sentiment can influence it just as much, particularly when the outlook feels uncertain.
If the Bank of England hints at raising interest rates, the pound often strengthens. But if markets already expect the move, the reaction might be muted, or even swing in the other direction. By contrast, the European Central Bank tends to move more slowly, so surprises there can hit harder.
Traders know GBP tends to move more dramatically than the euro. Whether it’s an unexpectedly strong wage report or a comment from a BoE policymaker, sterling responds quickly. The euro, backed by a more consensus-driven bloc, is generally slower to adjust, unless something big comes out of Germany or the ECB breaks from its script.
The euro spreads risk across 20 countries, but the pound reflects UK news in full. General elections, budgets, or even trade policy discussions can influence the rate within hours.
In riskier times, the euro tends to hold up better, as it’s seen as more stable. But when markets are calm and the UK economy is performing, the pound can regain ground quickly.
Whether you're buying property in Spain, paying an overseas invoice, or supporting family abroad, the exchange rate you get can have a big impact. We offer:
The rate updates constantly, especially during trading hours. UK economic reports or Bank of England statements can trigger noticeable movements during the day.
Yes. We offer forward contracts that let you fix today's rate for a transfer at a future date, deal if you're planning a property purchase or have a large invoice due in euros.
The mid-market rate is a useful benchmark, but not the actual rate you'll receive. We offer transparent pricing and competitive rates, often stronger than banks, with no hidden fees.
Interest rate expectations, inflation reports, UK political headlines, and market confidence all play a role. The pound typically reacts faster than the euro to domestic news.