--- title: "Convert euros into pounds sterling (EUR → GBP)" url: https://www.ibani.com/en/currency-converter/eur-to-gbp-rate lang: en date_modified: 2026-10-23 --- EUR → GBP · Real-time rate # Convert 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. [Open my free account](https://www.ibani.com/en/app) Conversion tables **EUR → GBP**Currency pair **Real time**Market rate **0.15%**Margin from ### Simulate your transfer No hidden fees 1 EUR = 0.8331 GBP Rate as of 23 October 2026 833.12 Estimated annual saving — vs. a traditional bank Per monthly transfer · [Live rates](https://www.ibani.com/en/currency-converter) · [Pricing](https://www.ibani.com/en/rates) [Get started — It's free](https://www.ibani.com/en/app) [![App Store](https://www.ibani.com/images/appstore-badge.svg)](https://apps.apple.com/app/ibani-borderless-money/id1382598762)[![Google Play](https://www.ibani.com/images/google-play-badge.svg)](https://play.google.com/store/apps/details?id=com.ibani.mobile&hl=en) \* 100% digital sign-up in 5 minutes. Zero account opening or maintenance fees. **35'000+ clients**Individuals & businesses **CHF 1 Billion+**Exchanged since 2018 **Up to 10× cheaper**Than a traditional bank **4.7/5 · Excellent**On 2'000+ client reviews [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg) Affiliated with SO-FIT (SRO)\*](https://so-fit.ch/) 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. ### 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. ### 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](https://www.ibani.com/en/rates) page. Rate movement ## Live EUR / GBP exchange rate Follow the trend of the pair to choose the right moment for your exchange. 1 EUR in GBP: 30-day and 90-day statistics | 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. | [EUR](https://www.ibani.com/en/currency-converter/currencies/eur-euro) | [GBP](https://www.ibani.com/en/currency-converter/currencies/gbp-british-pound) | | --- | --- | | EUR 1 | 0.83 | | EUR 5 | 4.17 | | EUR 10 | 8.33 | | EUR 50 | 41.66 | | EUR 100 | 83.31 | | EUR 500 | 416.56 | | EUR 1'000 | 833.12 | | EUR 5'000 | 4'165.59 | | EUR 10'000 | 8'331.18 | | EUR 50'000 | 41'676.80 | | [GBP](https://www.ibani.com/en/currency-converter/currencies/gbp-british-pound) | [EUR](https://www.ibani.com/en/currency-converter/currencies/eur-euro) | | --- | --- | | GBP 1 | 1.19 | | GBP 5 | 5.94 | | GBP 10 | 11.88 | | GBP 50 | 59.42 | | GBP 100 | 118.83 | | GBP 500 | 594.17 | | GBP 1'000 | 1'188.35 | | GBP 5'000 | 5'941.75 | | GBP 10'000 | 11'889.46 | | GBP 50'000 | 59'477.13 | 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. Other pairs ## Convert other currencies From the euro (EUR) [EUR CHF](https://www.ibani.com/en/currency-converter/eur-to-chf-rate) [EUR USD](https://www.ibani.com/en/currency-converter/eur-to-usd-rate) [EUR CAD](https://www.ibani.com/en/currency-converter/eur-to-cad-rate) [EUR SGD](https://www.ibani.com/en/currency-converter/eur-to-sgd-rate) Around the pound sterling (GBP) [GBP EUR](https://www.ibani.com/en/currency-converter/gbp-to-eur-rate) [CHF GBP](https://www.ibani.com/en/currency-converter/chf-to-gbp-rate) [USD GBP](https://www.ibani.com/en/currency-converter/usd-to-gbp-rate) [GBP CHF](https://www.ibani.com/en/currency-converter/gbp-to-chf-rate) [All our converters →](https://www.ibani.com/en/currency-converter) Markets · 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. EUR ### The 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. GBP ### Sterling 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](https://www.ibani.com/en/guides/how-to-calculate-exchange-rate) and [lock in a favourable rate](https://www.ibani.com/en/guides/lock-exchange-rate). Written by [Brice Delhome](https://www.ibani.com/en/author/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](https://www.ibani.com/en/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. [OPEN A FREE ACCOUNT](https://www.ibani.com/en/app) [ibani for individuals](https://www.ibani.com/en/personal) ✓ 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. [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg)](https://so-fit.ch/) ## 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](https://so-fit.ch/) 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](https://www.finma.ch/en/authorisation/self-regulatory-organisations-sros/)).