GBP to EUR exchange rate
Mid-market GBP/EUR — the rate banks trade with each other, before anyone adds a margin. Use it as the benchmark for any quote you are given, including ours.
Converting the other way? EUR to GBP rate.
GBP to EUR at a glance
Converted at the mid-market rate above. A bank pricing the same amounts would typically build in 3–4%, which is the gap a specialist desk closes.
| British Pound | Euro |
|---|---|
| £100.00 | €116.42 |
| £250.00 | €291.04 |
| £500.00 | €582.09 |
| £1,000.00 | €1,164.17 |
| £2,500.00 | €2,910.43 |
| £5,000.00 | €5,820.86 |
| £10,000.00 | €11,641.73 |
| £25,000.00 | €29,104.32 |
| £50,000.00 | €58,208.63 |
| £100,000.00 | €116,417.26 |
What moves the GBP/EUR rate
The workhorse pair for UK businesses importing from Europe, and for anyone running costs in both currencies. Because the UK and euro area trade so heavily with each other, GBP/EUR tends to grind rather than gap — which makes it well suited to forward contracts, where fixing a rate months ahead removes the drift that erodes a margin over a long supply agreement.
The GBP leg
Sterling trades on Bank of England rate expectations, UK inflation prints and gilt yields, so it tends to move sharply around MPC meetings and CPI releases.
The EUR leg
The euro takes its direction from ECB policy and the growth gap between the euro area's largest economies, with peripheral bond spreads as a stress signal.
Delivering EUR
SEPA reaches every euro-area account on identical terms, so a payment to Portugal settles the same way as one to the Netherlands.
GBP/EUR questions
What is the GBP/EUR exchange rate today?+
The mid-market GBP/EUR rate is 1.1642, meaning 1 GBP buys 1.1642 EUR. This is the rate banks quote each other, before any margin is added — it is the number to compare any quote against.
Why is the rate I am offered lower than the GBP/EUR mid-market rate?+
GBP/EUR is one of the most liquid pairs in the market, so the underlying spread a provider pays is tiny. Almost every provider still adds a margin to the mid-market rate instead of charging a visible fee, which means the exchange rate itself is the cost — and on a pair this liquid, a rate 3-4% off mid-market is a pricing decision rather than a cost of trading.
How long does a payment in EUR take to arrive?+
SEPA reaches every euro-area account on identical terms, so a payment to Portugal settles the same way as one to the Netherlands.
Can I fix a GBP/EUR rate for a future payment?+
Yes. A forward contract fixes today's rate for settlement up to 24 months ahead, which removes the risk of the rate moving between agreeing a price and paying it. That is common on property purchases and scheduled supplier payments.
Other GBP rates
More on each currency: British Pound · Euro · All live rates
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Tell us what you're moving and a specialist will come back with a live rate and next steps — usually within one business hour.