Live GBP to EUR exchange rate chart

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.

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Pound to Euro: What’s been happening?

Here’s how the GBP to EUR rate has moved over the last 12 months:

12-month high 1 GBP = 1.2148 EUR
12-month low 1 GBP = 1.1436 EUR
Average rate 1 GBP = 1.1868 EUR

Weekly change: 0.64%
Monthly change: -0.69%
Yearly change: -2.6%

Compared to this day last year:
1.1872 → 1.1563

What moves the GBP to EUR rate?

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.

Central bank tone matters

 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.

The pound has more volatility baked in

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.

UK politics carries more direct weight

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.

Market stress can flip the advantage

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.

Need to send money to Europe from the UK?

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:

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Better exchange rates than banks
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No hidden fees or surprise charges
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Same-day transfers on most GBP to EUR payments
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Personal support from a currency expert

Why trust Currencyflow

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Your money is protected

Funds are held in safeguarded accounts via FCA-regulated e-money partners, so they're always kept separate from business operations.
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Decades of experience

Our leadership team has over 30 years in international payments. We know how to handle large transfers and market timing.
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Secure by design

We use two-factor authentication and real-time monitoring to protect every account and transfer from fraud.

Frequently asked questions

How often does the GBP to EUR rate change?

The rate updates constantly, especially during trading hours. UK economic reports or Bank of England statements can trigger noticeable movements during the day.

Can I lock in a pound to euro rate now for a future payment?

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.

Will I get the mid-market rate?

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.

What causes the pound to rise or fall against the euro?

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.

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