What is the GBP to EUR Exchange Rate Today?

The current British Pound to Euro exchange rate is 1 GBP = 1.1501 EUR. To convert in the opposite direction: 1 EUR = 0.8695 GBP. Rates on LiveRates.io are mid-market reference rates sourced from the European Central Bank (ECB) and updated every hour. Rates are for informational purposes only and do not represent retail or transfer rates offered by banks or payment providers.

At a Glance

1 GBP = 1.1501 EUR (live mid-market rate)

100 GBP = 115.01 EUR

1,000 GBP = 1150.10 EUR

Inverse: 1 EUR = 0.8695 GBP

Source: European Central Bank via Frankfurter API

Last updated: hourly

About the British Pound (GBP)

The British Pound is the official currency of United Kingdom, one of the world's oldest currencies, dating to the 8th century. Managed by the Bank of England, the world's second oldest central bank, established in 1694, the GBP uses the symbol £ and is subdivided into 100 minor units. Sterling is the fourth most traded currency globally and the third largest reserve currency. The pound traded at parity with the U.S. Dollar in the 1980s; today's rate reflects decades of economic divergence. Brexit, completed in January 2020, significantly affected GBP volatility.

About the Euro (EUR)

The Euro is the official currency of Eurozone, introduced as an electronic currency on 1 January 1999 and as physical notes and coins on 1 January 2002. Managed by the European Central Bank (ECB), the EUR uses the symbol €. The Euro is the shared currency of 20 European Union member states, collectively known as the Eurozone. It is the world's second most traded currency, accounting for approximately 31% of daily global forex turnover according to the Bank for International Settlements (BIS).

GBP to EUR: Economic Context

The GBP/EUR pair is one of the most liquid currency crosses in global foreign exchange markets, with trading concentrated in London (which accounts for roughly 38% of global daily forex turnover, per the BIS 2022 Triennial Survey) and New York. Central bank divergence, differences in interest rate trajectories between the Bank of England, the world's second oldest central bank, established in 1694 and the European Central Bank (ECB), is typically the primary driver of medium-term rate movements.

Exchange rate movements between GBP and EUR are shaped by several structural forces:

Interest rate differentials. When the Bank of England, the world's second oldest central bank, established in 1694 sets rates above those of the European Central Bank (ECB), capital typically flows toward the higher-yielding GBP, strengthening it relative to EUR. This relationship, known as interest rate parity, is the single most reliable predictor of medium-term currency trends among professional forex traders.

Inflation and purchasing power parity. Countries with persistently higher inflation tend to see their currencies weaken over time, as inflation erodes the real value of domestic assets. If United Kingdom runs higher inflation than Eurozone, the GBP is likely to depreciate gradually against the EUR over multi-year periods.

Trade balance and current account. A country that exports more than it imports typically sees stronger demand for its currency, as trading partners must purchase it to pay for goods and services. Shifts in United Kingdom's trade balance with Eurozone directly influence the GBP/EUR rate.

Risk sentiment. During global market stress, investors tend to seek established safe-haven currencies (historically USD, CHF, JPY). Commodity-linked currencies (AUD, CAD, NOK, BRL) often weaken during risk-off periods as demand for raw materials falls.

GBP to EUR Conversion: Common Amounts

Amount in GBP	Equivalent in EUR
1 GBP	1.1501 EUR
5 GBP	5.75 EUR
10 GBP	11.50 EUR
50 GBP	57.50 EUR
100 GBP	115.01 EUR
500 GBP	575.05 EUR
1,000 GBP	1150.10 EUR

Getting the Best GBP to EUR Exchange Rate

The rate shown here is the mid-market rate, the benchmark used by banks in interbank trading. Retail customers typically receive a worse rate with an added margin. To minimize the gap:

Use a specialist transfer service for large amounts. Wise, Revolut, and OFX typically offer margins of 0.3–1.5% above the mid-market rate, compared to 2–5% at traditional banks.
Avoid airport and hotel exchanges. Convenience comes at a steep cost, markups at tourist-facing exchange points regularly exceed 5–8%.
Pay in local currency when abroad. Dynamic Currency Conversion (DCC), where merchants offer to charge you in your home currency, usually applies an unfavorable rate. Always choose local currency.
Set a rate alert. Use the email alerts on this site to be notified when GBP/EUR reaches your target rate.
Compare before large transfers. For amounts above $10,000, a 1% difference in rate equals $100, worth spending 10 minutes comparing providers.

Frequently Asked Questions

What is 1 GBP in EUR?

At the current mid-market rate, 1 British Pound = 1.1501 Euro. Rates update hourly from the ECB.

What is 1 EUR in GBP?

1 Euro = 0.8695 British Pound at the current rate.

What is 100 GBP in EUR?

100 GBP = 115.01 EUR at the current exchange rate.

Is GBP stronger than EUR right now?

At the current rate of 1.1501, one British Pound buys more than one Euro, so the GBP is nominally stronger. However, currency strength is better measured by trend, compare the current rate to the historical chart above to assess recent GBP performance.

When is the best time to exchange GBP to EUR?

Forex markets are open 24 hours Monday through Friday. Liquidity, and therefore tighter spreads, is highest when major financial centers overlap. For pairs involving European or U.S. currencies, the London-New York overlap (8 AM–12 PM EST) offers the most competitive conditions.

Where can I exchange GBP to EUR physically?

Physical currency exchange is available at banks, post offices, airport bureaus, and specialist exchange shops. Rates vary significantly. For foreign trips, withdrawing from a local ATM in Eurozone using a fee-free debit card (like Wise or Revolut) often yields rates close to the mid-market benchmark.

What affects the GBP/EUR rate most?

The dominant drivers are: (1) interest rate decisions by the Bank of England, the world's second oldest central bank, established in 1694 and the European Central Bank (ECB), (2) inflation and employment data releases, (3) trade balance figures, and (4) broader risk sentiment in global markets.

How do I read the GBP/EUR chart?

The chart shows the mid-market exchange rate over the selected period (30 days, 1 year, or 5 years). An upward trend means the GBP is strengthening against the EUR. A downward trend means the GBP is weakening. Hover over the chart to see the exact rate on any date.