---
title: "Convert pounds sterling into euros (GBP → EUR)"
url: https://www.ibani.com/en/currency-converter/gbp-to-eur-rate
lang: en
date_modified: 2026-10-29
---

GBP → EUR · Real-time rate

# Convert pounds sterling into euros (GBP → EUR)

**1 GBP = 1.1906 EUR** as of 29 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 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% to 0.15% and no hidden fees.

[Open my free account](https://www.ibani.com/en/app) Conversion tables

**GBP → EUR**Currency pair

**Real time**Market rate

**0.15%**Margin from

### Simulate your transfer

No hidden fees

1 GBP = 1.1906 EUR Rate as of 29 October 2026

1'190.60

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)

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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 (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.

### Cash in your pounds sterling

Receive your GBP on your ibani account and convert them into euros automatically, at the real rate (+ margin from 0.15%).

### 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

## 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.

| 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 GBP | ~900 GBP | \> 1'000 GBP |
| 100% digital tracking | Yes | Partial | No |

\*Indicative orders of magnitude for an exchange of 5'000 GBP/month over 1 year. See the details on our [Rates](https://www.ibani.com/en/rates) page.

Rate movement

## Live GBP / EUR exchange rate

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

1 GBP in EUR: 30-day and 90-day statistics
| Indicator | 30 days | 90 days |
| --- | --- | --- |
| High | 1.1953 | 1.1953 |
| Low | 1.1666 | 1.1620 |
| Average | 1.1839 | 1.1726 |
| Change | +2.31% | +2.13% |

European Central Bank reference rates, from 31 July to 28 October (90 days) and from 29 September to 28 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 GBP in EUR (and vice versa)?

Indicative amounts, ibani margin included, updated continuously.

Indicative rate as of 29 October 2026, ibani margin included; the rate applied is the one in effect when you place your order.

| [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 | 5.95 |
| GBP 10 | 11.91 |
| GBP 50 | 59.53 |
| GBP 100 | 119.06 |
| GBP 500 | 595.30 |
| GBP 1'000 | 1'190.60 |
| GBP 5'000 | 5'952.98 |
| GBP 10'000 | 11'911.94 |
| GBP 50'000 | 59'589.58 |

| [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 | 4.16 |
| EUR 10 | 8.32 |
| EUR 50 | 41.58 |
| EUR 100 | 83.15 |
| EUR 500 | 415.77 |
| EUR 1'000 | 831.55 |
| EUR 5'000 | 4'157.73 |
| EUR 10'000 | 8'315.46 |
| EUR 50'000 | 41'598.15 |

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, plus a margin of 0.40% to 0.15% depending on the amount, and transfers the euros to your account, by SEPA transfer.

Other pairs

## Convert other currencies

From the pound sterling (GBP)

[GBP CHF](https://www.ibani.com/en/currency-converter/gbp-to-chf-rate) [GBP USD](https://www.ibani.com/en/currency-converter/gbp-to-usd-rate) [GBP CAD](https://www.ibani.com/en/currency-converter/gbp-to-cad-rate) [GBP SGD](https://www.ibani.com/en/currency-converter/gbp-to-sgd-rate)

To the euro (EUR)

[EUR GBP](https://www.ibani.com/en/currency-converter/eur-to-gbp-rate) [CHF EUR](https://www.ibani.com/en/currency-converter/chf-to-eur-rate) [USD EUR](https://www.ibani.com/en/currency-converter/usd-to-eur-rate) [EUR USD](https://www.ibani.com/en/currency-converter/eur-to-usd-rate)

[All our converters →](https://www.ibani.com/en/currency-converter)

Markets · updated 19 October 2026

## GBP/EUR: what has moved in recent months

The pound is at its strongest against the euro in sixteen months: at the ECB reference rate of 19 October, one pound is worth 1.1876 euros. The ECB raised its deposit rate to 2.50% on 10 September, but the Bank of England, at 3.75%, keeps a yield advantage of 1.25 points.

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

### 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 → EUR

### What it means for you

For a flow from sterling into euros, the rate is more favourable than at any time in the past sixteen months, with nothing to indicate how long it will last. The decisions of 29 October (ECB) and 5 November (Bank of England) could shift it; converting in tranches avoids betting everything on this level holding.

**ECB reference rate on 19 October 2026:** 1 GBP ≈ 1.1876 EUR (excluding margin). The rate shown at the top of the page includes the ibani margin; the converter shows the live rate.

Sources: Bank of England, monetary policy summary of 17 September 2026 · Office for National Statistics, August 2026 consumer price index · ECB, euro foreign exchange reference rates · ECB, monetary policy decision of 10 September 2026 · Eurostat, euro area September inflation published 16 October 2026.

General market information, compiled from the sources cited; it constitutes neither investment advice nor a forecast.

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](https://www.ibani.com/en/guides/cross-border-b2b-invoicing-switzerland-eu) 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 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, plus a margin of 0.40% to 0.15% depending on the amount, 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% to 0.15% 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](https://www.ibani.com/en/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 (+ margin from 0.15%) and receive your funds 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.

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## 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/)).