GBP → EUR · Real-time rate

Convert pounds sterling
into euros (GBP → EUR)

Change your pounds sterling (GBP) into euros (EUR) at the real interbank rate, in real time. Ideal for cashing in income in GBP, funding a project in the eurozone or settling cross-border payments, with a margin from 0.40% and no hidden fees.

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GBP → EURCurrency pair
Real timeMarket rate
0.40%Margin from
35'000+ clientsIndividuals & businesses
CHF 1 Billion+Exchanged since 2018
Up to 10× cheaperThan a traditional bank
4.7/5 · ExcellentOn 2'000+ client reviews
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Affiliated with SO-FIT (SRO)*
GBP/EUR conversion in a nutshell

Convert pounds sterling into euros, at the right rate

The essentials to change your GBP into EUR with no nasty surprises on the rate or the fees.

The real GBP/EUR rate

The interbank rate (mid-market), with no inflated margin hidden in the displayed rate.

A margin from 0.40%

Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.

Cash in your pounds sterling

Receive your GBP on your ibani account and convert them into euros automatically, at the real rate.

A reliable Swiss partner

ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, recognised by FINMA.

What you really pay

GBP → EUR: ibani, bank or exchange office?

On an exchange of 5'000 GBP per month, the margin applied to the rate makes all the difference over the year.

CriterionibaniBankExchange office
Starting rateReal interbank"In-house" rate"In-house" rate
Exchange marginFrom 0.40%~1.5 to 2%Often > 2%
Transfer fees0 EURVariable—
Estimated annual cost*~240 GBP~900 GBP> 1'000 GBP
100% digital trackingYesPartialNo

*Indicative orders of magnitude for an exchange of 5'000 GBP/month over 1 year. See the details on our Rates page.

Rate movement

Live GBP / EUR exchange rate

Follow the pair's trend to choose the right moment for your exchange.

Conversion tables

How much is 1 GBP in EUR (and vice versa)?

Indicative amounts, ibani margin included, updated continuously.

GBPEUR
GBP 1—
GBP 5—
GBP 10—
GBP 50—
GBP 100—
GBP 500—
GBP 1'000—
GBP 5'000—
GBP 10'000—
GBP 50'000—
EURGBP
EUR 1—
EUR 5—
EUR 10—
EUR 50—
EUR 100—
EUR 500—
EUR 1'000—
EUR 5'000—
EUR 10'000—
EUR 50'000—
How to convert

Your GBP changed into EUR, in 3 steps

Create your ibani account for free

100% digital sign-up in 5 minutes, with no opening or account maintenance fees.

Receive your pounds sterling

Give your ibani details to the sender to cash in your GBP with complete ease.

Receive your euros at the real rate

ibani converts your GBP into EUR at the market rate and transfers the euros to your account, by SEPA transfer.

Other pairs

Convert other currencies

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Markets · updated 28 August 2026

GBP/EUR: what has moved in recent months

The euro clawed back ground against the pound this summer. The ECB raised its deposit rate to 2.25% on 11 June and markets price a further hike on 10 September at around 80%, while the Bank of England, at 3.75% since 30 July, has seen its next hike pushed out to 2027 after Brent fell back.

GBP

The Bank of England holds at 3.75%

On 30 July 2026 the Bank of England kept Bank Rate at 3.75% by six votes to three, the three dissenters arguing for a rise to 4.00%. UK inflation edged back up to 2.9% in July. In late August the pound hit a six-month high against the dollar before slipping back below 1.36: the fall in Brent eased inflation expectations and pushed the next expected hike out to 2027. The next decision is on 17 September 2026.

EUR

The ECB tightened in June, then waited

On 11 June 2026 the European Central Bank raised its deposit rate by 25 basis points to 2.25% — its first hike since 2023 — in response to an imported energy shock, taking the main refinancing rate to 2.40%. On 23 July it left all three rates unchanged without committing to a path. Euro area inflation came in at 2.9% in July after 2.8% in June, and August PMIs moved clearly back into expansion (composite at 52.1). Rate markets price a further hike on 10 September at roughly 80%.

GBP → EUR

What it means for you

The 1.5 point yield gap that has been protecting the pound is therefore set to close from above rather than widen. For a regular flow from sterling into euros, spreading conversions limits exposure to that rebalancing.

Benchmark on 28 August 2026: 1 GBP ≈ 1.1661 EUR. The converter at the top of this page shows the live rate.

Sources: Bank of England, monetary policy summary of 30 July 2026 · Office for National Statistics, July 2026 consumer price index · ECB, monetary policy decisions of 11 June and 23 July 2026 · Eurostat, euro area July inflation confirmed 19 August 2026 · S&P Global, euro area flash PMI of 21 August 2026.

The economics of the pair

GBP/EUR: the Bank of England versus the ECB

The rate between the pound sterling (GBP) and the euro (EUR) is one of the most traded currency pairs in the world. Its dynamics above all reflect the monetary policy gap between two central banks: the Bank of England (BoE) and the European Central Bank (ECB).

When the BoE raises its key rates faster than the ECB, the pound tends to appreciate against the euro, because sterling investments become more rewarding. Conversely, a slowdown in the British economy, persistent inflation or fiscal uncertainty weigh on the pound. The GBP/EUR pair is reputed to be more volatile than the Swiss franc: it reacts sharply to releases on growth, employment and inflation in both the United Kingdom and the eurozone.

Historical reference points: the sharp fall of the pound in the aftermath of the Brexit referendum in June 2016, the strong volatility linked to the negotiations to leave the European Union, then the tensions on British debt in 2022. Since then, the pound has most often moved within a range between 1.10 and 1.20 euros, depending on the decisions of the BoE and the ECB.

Read also: our guides on how to invoice cross-border B2B and lock in a favourable rate.

Written by Brice Delhome.

Frequently asked questions

Frequently asked questions about GBP/EUR exchange

There is no universal ideal moment. The GBP/EUR rate depends on market movements and the monetary policy gap between the Bank of England (BoE) and the ECB. The pound reacts strongly to British economic releases and political news. Monitor the real rate continuously and trigger your exchange at the moment that suits you.

With ibani, you open an exchange account and give your details to the party making the payment. As soon as your pounds sterling (GBP) are received, the funds are converted into euros at the real market rate and transferred to your bank account by SEPA transfer, with no hidden fees.

The GBP/EUR rate is driven by the gap in key interest rates between the Bank of England and the ECB, by the relative health of the British and eurozone economies, by inflation and by the political climate (including the aftermath of Brexit). The pound is a more volatile currency than the Swiss franc, sensitive to macroeconomic announcements.

ibani applies a transparent margin from 0.40% on the real interbank rate, decreasing with amounts. There are no opening, account maintenance or SEPA transfer fees. It's up to 10× cheaper than a traditional bank. See the details on the Rates page.

Change your pounds sterling
into euros at the right rate.

Open an ibani account, cash in your GBP, convert them into euros at the real rate and receive your funds with no hidden fees. Free account opening, 100% digital, in 5 minutes.
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✓ Real interbank rate  ·  ✓ Margin from 0.40%  ·  ✓ Affiliated with SO-FIT (SRO)

* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.

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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).