The real EUR/GBP rate
The interbank (mid-market) rate as the basis; the ibani margin, from 0.40% to 0.15% depending on the amount, is shown separately.
EUR → GBP · Real-time rateConvert euros
into pounds sterling (EUR → GBP)
1 EUR = 0.8331 GBP as of 23 October 2026 (indicative rate for an amount below the equivalent of CHF 10,000, ibani margin included; the rate applied is the one in effect when you place your order).
Change your euros (EUR) into pounds sterling (GBP) at the real interbank rate, in real time. Ideal for paying a supplier in the United Kingdom, financing a purchase or sending money, with a margin from 0.40% to 0.15% and no hidden fees.
EUR → GBPCurrency pair
Real timeMarket rate
0.15%Margin from
Simulate your transfer
No hidden fees1 EUR = 0.8331 GBP Rate as of 23 October 2026
833.12
Estimated annual saving
—
vs. a traditional bank
35'000+ clientsIndividuals & businesses
CHF 1 Billion+Exchanged since 2018
Up to 10× cheaperThan a traditional bank
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EUR/GBP conversion in a nutshell
Convert euros into pounds sterling, at the right rate
The essentials for changing your EUR into GBP with no nasty surprises on the rate or the fees.
A margin from 0.15%
Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.
Payments to the United Kingdom
Pay your suppliers, purchases or loved ones in GBP, with a dedicated IBAN and automated transfers.
A reliable Swiss partner
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, a self-regulatory organisation recognised by FINMA.
What you really pay
EUR → GBP: ibani, bank or exchange office?
On an exchange of 5'000 EUR per month, the margin applied to the rate makes all the difference over the year.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "In-house" rate | "In-house" rate |
| Exchange margin | 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | 0 EUR | Variable | — |
| Estimated annual cost* | ~240 EUR | ~900 EUR | > 1'000 EUR |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for an exchange of 5'000 EUR/month over 1 year. See the details on our Rates page.
Rate movement
Live EUR / GBP exchange rate
Follow the trend of the pair to choose the right moment for your exchange.
| Indicator | 30 days | 90 days |
|---|---|---|
| High | 0.8605 | 0.8606 |
| Low | 0.8377 | 0.8377 |
| Average | 0.8487 | 0.8540 |
| Change | −2.54% | −2.05% |
European Central Bank reference rates, from 27 July to 22 October (90 days) and from 23 September to 22 October (30 days), 2026. Excluding exchange margin: these figures are not directly comparable with the rate shown at the top of the page, which includes the ibani margin.
Conversion tables
How much is 1 EUR in GBP (and the other way round)?
Indicative amounts, ibani margin included, updated continuously.
Indicative rate as of 23 October 2026, ibani margin included; the rate applied is the one in effect when you place your order.
How to convert
Your EUR changed into GBP, in 3 steps
Create your ibani account for free
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Add your beneficiary in the United Kingdom
Enter the destination GBP account, then fund your exchange IBAN in euros.
ibani sends your pounds at the real rate
Your EUR are converted into GBP at the market rate, plus a margin of 0.40% to 0.15% depending on the amount, and transferred to the beneficiary account, with no hidden fees.
CHF
USD
CAD
SGDMarkets · updated 19 October 2026
EUR/GBP: what has moved in recent months
The euro fell against the pound to 0.84205 at the 19 October reference rate, its low for the year and its weakest level since June 2025. The ECB did raise its deposit rate to 2.50% on 10 September, but the Bank of England remains at 3.75%, with three members in favour of a hike.
EURThe ECB raised rates in September
On 10 September 2026 the European Central Bank raised its three key interest rates by 25 basis points: the deposit facility rate rose to 2.50% and the main refinancing operations rate to 2.65%, effective 16 September. Euro area inflation accelerated to 3.8% in September, after 3.2% in August, according to Eurostat. Yet the euro fell against the dollar: EUR/USD hit its low for the year on 7 October, at 1.1177, and stood at 1.1225 on 19 October. The next decision is on 29 October 2026, then on 17 December.
GBPSterling at its strongest against the euro in sixteen months
On 17 September 2026 the Bank of England kept Bank Rate at 3.75% by six votes to three: Megan Greene, Catherine Mann and Huw Pill wanted to raise it to 4%. UK inflation rose back to 3.1% in August, from 2.9%; the September figure is published on 21 October. At the ECB reference rate of 19 October, EUR/GBP fell to 0.84205, its low for the year and its weakest level since June 2025. The next decision is on 5 November 2026, then on 17 December.
EUR → GBP
What it means for you
The 1.25-point yield gap in sterling's favour remains its main support. A euro converted into pounds buys less today than at any time in sixteen months, and the meetings of 29 October and 5 November could still shift the rate: for a large amount, spreading conversions reduces exposure to a single date.
ECB reference rate on 19 October 2026: 1 EUR ≈ 0.8421 GBP (excluding margin). The rate shown at the top of the page includes the ibani margin; the converter shows the live rate.
Sources: ECB, monetary policy decision of 10 September 2026 · Eurostat, euro area September inflation published 16 October 2026 · ECB, euro foreign exchange reference rates · Bank of England, monetary policy summary of 17 September 2026 · Office for National Statistics, August 2026 consumer price index.
General market information, compiled from the sources cited; it constitutes neither investment advice nor a forecast.
The economics of the pair
EUR/GBP: the ECB versus the Bank of England
The rate between the euro (EUR) and the pound sterling (GBP) is one of the most traded pairs in the world. Its dynamics are dictated by the monetary policy gap between two central banks: the European Central Bank (ECB) and the Bank of England (BoE).
In practice, the pair reads the other way round from the usual: one pound trades for more than one euro, so that the EUR/GBP rate most often oscillates between 0.83 and 0.90. When the Bank of England raises its rates faster than the ECB, the pound tends to appreciate (the EUR/GBP rate falls); conversely, a more marked tightening by the ECB or British inflation that eases supports the euro.
Key markers: the Brexit referendum of June 2016 sent the pound tumbling, pushing EUR/GBP above 0.90; the pair has since remained sensitive to inflation announcements (ONS), to the decisions of the BoE's Monetary Policy Committee (MPC) and to the eurozone's economic climate. For a payment in the United Kingdom, monitor the real rate and trigger your exchange at the right moment.
On the same topic, discover how to calculate an exchange rate and lock in a favourable rate.
Written by Brice Delhome.
Frequently asked questions
Frequently asked questions about EUR/GBP exchange
There is no universal ideal day. The EUR/GBP rate depends on market movements and the monetary policy gap between the ECB and the Bank of England. The pound reacts strongly to UK inflation data and BoE rate decisions. Monitor the real rate continuously and trigger your exchange whenever it suits you.
With ibani, you transfer your euros to a dedicated IBAN, ibani converts them into pounds sterling at the real market rate, plus a margin of 0.40% to 0.15% depending on the amount, and sends the GBP to the beneficiary account in the United Kingdom. It is ideal for paying a British supplier, financing a property purchase or sending money to a loved one, with no hidden fees.
Historically, one pound sterling trades for more than one euro: the EUR/GBP rate most often sits between 0.83 and 0.90. This gap reflects the level of Bank of England interest rates, the historical value of sterling and the structure of the British economy. It does not mean that one currency is « better » than another.
ibani applies a transparent margin from 0.40% to 0.15% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. It's up to 10× cheaper than a traditional bank. See the details on the Rates page.
Change your euros
into pounds sterling at the right rate.
Convert your EUR into GBP at the real rate (+ margin from 0.15%) and settle your payments to the United Kingdom with no hidden fees. Free account opening, 100% digital, in 5 minutes.✓ Real interbank rate · ✓ Margin from 0.15% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
Swiss financial intermediary subject to the AMLA regulatory framework
Your money is handled with the utmost regulatory rigour.
ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name.
ibani SA is affiliated with SO-FIT as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA).