Pound-to-Euro Forecast to Probe 1.20 This Week
The British pound is probing 1.20 against the euro ahead of Thursday's Bank of England decision, and the trend remains firmly higher despite stretched conditions.
The British pound is probing 1.20 against the euro ahead of Thursday's Bank of England decision, and the trend remains firmly higher despite stretched conditions.
The consensus is ripe to be challenged.
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Money transfer platforms holding a single banking line are exposed to that bankโs outages and to the bank closing the line, and UK rules now expect a plan for both. A specialist multi-currency clearing provider offers an answer.
21 October 2026Official daily exchange rates from 1971 to today: Bank of England, ECB and interbank sources.
Bank of England trade-weighted sterling effective exchange rate index (Jan 2005 = 100)
A reading above 100 means the currency is expensive relative to its long-run historical average. Below 100 means it is undervalued.
The British pound is set for a constructive year-end against the euro, dollar and other currencies.
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