Pound to Euro Forecast and Live Exchange Rate
The pound to euro forecast from investment banks and market pricing, with the live GBP/EUR rate, charts and daily analysis
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Updated
What's Driving GBP/EUR
- 🇪🇺 Pound Sterling Live forecasts GBP/EUR holding near 1.20 into the Bank of England's 5 November decision, with overbought conditions no barrier to a trend backed by French fiscal stress
- GBP/EUR broke above 1.20 on 30 October to an 18-month high, reaching its year-end objective well ahead of schedule
- Bank of England is expected to raise Bank Rate to 4.00% from 3.75% on 5 November, its first hike since August 2023, with guidance the bigger test for GBP
- Lloyds: an insurance hike rather than the start of a tightening cycle, with a 6-3 vote expected, against market pricing for four hikes over 12 months
- Eurozone flash inflation on 4 November, consensus 3.9% from 3.8% with core at 2.5%, will test the ECB's December plans
- The UK's 10-year yield premium over France has fallen to 0.36 points from about 1.1 in July, with EUR/GBP falling in step
- Corpay: the French-German 10-year spread near 175bp is approaching the 2011 high of 190bp, with a French budget vote on 17 November a further source of unease
- UBS: would avoid chasing further euro weakness, with speculative investors already heavily positioned against it
- 📊 GBP/EUR's RSI at 83 marks a deeply overbought market, but the steeply rising 21-day average at 1.1878 means a pullback to it would be under 1%
- GBP/EUR is seen holding above 1.19 this week, with a daily close beneath the 21-day the signal of a deeper consolidation
- 🔭 Pound Sterling Live's medium-term forecast is for GBP/EUR to reset into a higher range that incorporates 1.20, with its upper reaches in the mid-1.20s
For the latest analysis visit the GBP/EUR News Hub →
| One Week | 1.1986 |
| One Month | 1.1974 |
| Three Months | 1.1943 |
| Six Months | 1.1896 |
| One Year | 1.1794 |
| Date | Open | Close | High | Low | Mid |
|---|---|---|---|---|---|
| Fri 6 Nov | 1.1989 | 1.1988 | 1.2000 | 1.1973 | 1.1989 |
| Thu 5 Nov | 1.1997 | 1.1989 | 1.2015 | 1.1977 | 1.1993 |
| Wed 4 Nov | 1.1986 | 1.1997 | 1.2003 | 1.1962 | 1.1992 |
| Tue 3 Nov | 1.1984 | 1.1986 | 1.2005 | 1.1978 | 1.1985 |
| Mon 2 Nov | 1.1998 | 1.1985 | 1.2004 | 1.1956 | 1.1992 |
Pound to Euro Forecast: 1.1943 in Three Months
These predictions are based on the forward points being traded in currency markets. These contracts are widely used by businesses, investors, and financial institutions for hedging or speculative purposes. The pricing of forwards provides valuable insights into market expectations for the future direction of currency pairs.
In one month the Pound-Euro exchange rate is forecast to be at 1.1974, according to market-implied pricing. In three months, the rate is expected to be at 1.1943. In six months the projected rate is at 1.1896. In one year the rate is expected to be at 1.1794.
Quarterly GBP/EUR targets from Goldman Sachs, Barclays, JP Morgan, Deutsche Bank, ING and more — updated weekly.
