Exchange Rate Pound to Euro: Current & Best Deals

Ask anyone who’s just changed pounds into euros and you’ll get a different number depending on where they went. The exchange rate for GBP to EUR moves constantly, and the rate you actually get varies wildly between providers — we use the European Central Bank’s official reference as the anchor, then show exactly how high-street banks, currency brokers, and travel-money desks compare so you know what a fair deal looks like, with the mid-June 2025 mid-market rate at 1.1511 euros per pound and the ECB reference at 0.86653 pounds per euro.

Current mid-market rate (GBP to EUR): 1 GBP = 1.1511 EUR (XE, 2025-06-20) ·
ECB reference rate (EUR to GBP): 1 EUR = 0.86653 GBP (ECB, 2025-06-19) ·
Highest GBP/EUR rate (all-time): 1 GBP = 1.70 EUR (approx., 2007) ·
Lowest GBP/EUR rate (recent): 1 GBP = 1.05 EUR (Sept 2022) ·
Typical bank spread on GBP/EUR: 2–4% above mid-market

Five key figures paint a clear picture of where the pound sits against the euro today and over the long term.

What is the current exchange rate for pound to euro?

How much is 1 pound to 1 euro today?

• At the mid-market rate, 1 GBP equals 1.1511 EUR (XE, a currency data provider). This is the wholesale rate you see on Google, not the retail rate.
• The European Central Bank publishes a reference rate that is slightly different: 1 EUR = 0.86653 GBP (European Central Bank, the eurozone’s official institution). That means 1 GBP = 1 ÷ 0.86653 ≈ 1.1540 EUR when calculated directly.
• The ECB rate is a benchmark used by central banks and financial institutions, not a tradable customer rate (ECB documentation).

How much is 100 pounds in euros today?

• At the current mid-market rate of 1.1511, 100 GBP = 115.11 EUR.
• Example using the ECB reference: 100 GBP = 100 ÷ 0.86653 ≈ 115.40 EUR.
• But if you walk into a high-street bank, you’ll likely receive 2–4% less – around 111–113 EUR (Nationwide, which adds a 0.5% mark-up on its inbound rate; other banks add more).

Bottom line: The current exchange rate is around 1.1511 EUR per GBP mid-market. For a 100 GBP conversion, expect about 115 EUR at mid-market, but 2–4% less at a bank.

Is the pound going to get stronger against the euro?

Will the pound get stronger tomorrow?

• Short-term currency forecasting is notoriously unreliable. No reputable institution predicts daily movements (Bank of England, which publishes spot rates but warns they are not official forecasts).
• The ECB’s 2025 data shows GBP/EUR has fluctuated within a narrow band (0.85260–0.88460 EUR per GBP so far) (ECB GBP chart).
• If you need to transfer money within a week, locking in a rate today versus waiting is essentially a coin flip.

What factors affect the GBP to EUR exchange rate?

• Interest rates: When the Bank of England raises rates, GBP typically firms; when the ECB raises rates, EUR strengthens. The gap between the two is a key driver.
• Inflation: Higher UK inflation relative to the eurozone erodes purchasing power and can weaken the pound.
• Political events: Brexit aftermath, general elections, and trade deals all create volatility. The 2016 referendum caused a sharp drop (timeline below).

“The ECB reference rates are based on a daily concertation procedure involving central banks and market participants, but they are not designed as tradable customer rates.”

European Central Bank (ECB official documentation)

Bottom line: Tomorrow’s pound-to-euro rate is unpredictable. Use a forward contract if you need certainty for a large transfer.

What’s the highest the pound has ever been against the euro?

What was the lowest GBP to EUR rate?

• Highest: 1 GBP bought about 1.70 EUR in 2007, when the pound was riding a wave of strong UK economic growth (OFX, historical exchange rate data).
• Lowest (modern era): 1 GBP fell to an all-time low of approximately 1.05 EUR in September 2022, during the mini-budget crisis (ECB graph).

How has the rate changed over time?

• Since the euro’s launch in 1999, the GBP/EUR rate has ranged from roughly 1.05 to 1.70.
• Post-Brexit (from 2016), the pound has generally traded below 1.20 EUR, a structural shift.

The implication: despite historical extremes, the current rate suggests moderate fluctuations; locking in a rate via a forward contract may be prudent for large transfers.

Who is offering the best euro exchange rate today?

How much is €100 euros in pounds?

• At the ECB reference rate (0.86653 GBP per EUR), €100 = 86.65 GBP.
• At the mid-market rate from XE (1 EUR = 1/1.1511 ≈ 0.8687 GBP), €100 ≈ 86.87 GBP.
• Retail providers vary widely, as shown in the comparison below.

How much is €200 euros in pounds?

• At mid-market: €200 ≈ 173.31 GBP.
• If a bank adds a 3% spread, you’d receive about 168 GBP instead.

Five common providers, one clear pattern: the difference between the raw rate and the retail rate is the real story.

Bottom line: For cash travellers, Wise or Revolut beat banks by 2–4 percentage points. For larger transfers, the gap widens in favour of specialist brokers.

How much is 1 Irish pound in euros?

What is the conversion rate for Irish pounds to euros?

• The Irish pound (IEP) was replaced by the euro on 1 January 2002 as Ireland adopted the single currency (ECB, euro introduction history).
• The fixed conversion rate is 1 IEP = 1.269738 EUR. This is immutable and set by EU law.
• There is no current exchange rate for Irish pounds; any old banknotes can only be redeemed at the fixed rate through the Central Bank of Ireland.
• If you travel to Ireland today, you use the euro at the same GBP/EUR rate as anywhere else in the eurozone.

“The exchange-rate movement over the past 30 days shows a range of about 1.15 to 1.16, reflecting moderate volatility.”

Xe, GBP/EUR converter summary (Xe)

“Bank of Ireland UK publishes daily foreign exchange rates for the euro alongside other currencies, illustrating how a local bank sets its retail rate.”

Bank of Ireland UK (Bank of Ireland UK, daily FX rates)

For anyone converting pounds to euros, the gap between the mid-market rate and what you actually get is the real cost. The pattern is consistent: high-street banks charge 2–4% more than the mid-market reference, while specialist providers like Wise and Revolut stick close to it. For a £1,000 transfer, using Wise instead of a typical bank saves you roughly €20–30 – real money that adds up over multiple transactions or larger sums.

For related currency conversions, see our guide on the Euro to Rand exchange rate and find out how to convert 250 dollars in euros.

For those monitoring the pound to euro exchange rate, comparing brokers can reveal significant savings on currency conversions.

Frequently asked questions