Currency pair
EUR/GBP — the Euro against the British pound
The same relationship viewed from the euro side — the quote European suppliers and customers usually work from.
Reference market rates
EUR/GBP reference rate and history
End-of-day published reference rates. Switch pair or period to compare.
EUR / GBP
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Indicative FX reference rate
Reference rates are published once per working day, so the chart shows end-of-day values rather than intraday movement. Movement shown is against the previous published value. Past movement is not an indication of future rates.
Open the EUR/GBP guideCurrency support built around your trade flows.
What we can set up once your account is open.
- Business payments worldwide
- Broad currency coverage
- Collections where available
- FX risk tools where eligible
- Pricing agreed before you commit
Indicative transfer estimate
Reference rateYou send
Recipient receives (indicative)
Estimates use daily published reference rates and are for information only. They are not a quote and not an executable customer rate. No transfer is initiated from this website; your rate and any fees are confirmed before a transaction is arranged.
Context
What moves EUR/GBP
The same relationship viewed from the euro side — the quote European suppliers and customers usually work from.
EUR/GBP is the same underlying relationship as GBP/EUR, but quoted from the euro side — how many pounds one euro buys. This is typically the reference European counterparties use when they think about UK trade, and it is the convention a Eurozone-based finance team is more likely to see quoted locally.
For UK businesses, this pair matters most when a European customer, supplier or partner is the one framing the conversation in euro terms — for example, a UK exporter invoicing a German distributor, where the distributor's own accounting naturally runs in EUR/GBP rather than GBP/EUR.
Because it describes the identical market relationship as GBP/EUR, the drivers behind it are the same; the distinction is one of quotation convention and audience rather than a separate market dynamic.
The recurring drivers of EUR/GBP
European Central Bank versus Bank of England policy
As with GBP/EUR, the relative policy stance of the ECB's Governing Council and the Bank of England's Monetary Policy Committee is the central driver. Because this quotation is more commonly referenced by Eurozone-based counterparties, ECB commentary and Eurozone-focused data often carry particular weight in how the pair is discussed from that side.
Eurozone and UK inflation releases
Eurostat's flash HICP inflation estimate for the euro area, published ahead of the final figure, is a widely watched early signal, alongside UK CPI from the ONS. Divergence between the two inflation paths is a recurring theme in analysis of this pair.
Eurozone growth and PMI surveys
Composite PMI data for the Eurozone's largest economies, particularly Germany and France, is tracked as an early indicator of growth momentum. Because the Eurozone is a currency union of multiple national economies, aggregate Eurozone data can mask meaningful differences between member states that are worth understanding for context.
Who carries EUR/GBP exposure
- UK exporters invoicing European customers who reference the euro-quoted rate internally
- UK businesses receiving euro payments from EU customers and converting back to sterling
- Group finance functions consolidating results where a European subsidiary reports in EUR/GBP terms
- UK firms negotiating pricing with EU counterparties who quote costs relative to the euro
What a rate move does to a margin
For illustration only: a UK exporter invoices a French distributor €25,000 for a shipment, then converts the euro receipt back into sterling. If the euro were hypothetically 1% stronger against sterling than expected at the time of quoting, the sterling value received would be roughly £180 higher on that invoice. This is illustrative only and does not reflect any actual or forecast rate.
Managing the exposure
- Understand how much of your annual cost or revenue is denominated in GBP
- Identify the point in your cycle where the rate becomes locked in commercially
- Decide what proportion of that exposure you are comfortable leaving to the market
- Review the policy at a set interval rather than only when the rate moves against you
Spot conversion
Convert EUR to GBP at a rate confirmed before you commit, for payments settling now.
Forward contracts
Fix a rate today for settlement on a future date, so a known cost stays known. Subject to eligibility and onboarding.
Multi-currency capability
Hold, send and receive EUR and GBP alongside other supported currencies, subject to eligibility.
Where it's used
Destinations that settle in GBP
If you pay or receive in British pound, these are the country guides most relevant to you.
Other pairs
Related currency pairs
- GBP/USDReference rateThe most widely quoted sterling pair, driven largely by the relative interest-rate and growth outlook of the UK and the United States.View GBP/USD
- GBP/EURReference rateThe workhorse pair for UK importers. Because so much UK trade settles in euros, small moves here affect a large share of landed cost.View GBP/EUR
- EUR/USDReference rateThe world's most traded pair. It matters to UK businesses whenever euro costs are set against dollar-priced inputs.View EUR/USD
- USD/JPYReference rateA benchmark for global risk sentiment, and relevant to anyone buying Japanese components priced against the dollar.View USD/JPY
- GBP/JPYReference rateRelevant to UK importers of Japanese machinery, components and vehicles. Historically one of the more volatile sterling crosses.View GBP/JPY
- GBP/AUDReference rateMoves with commodity prices and Australian interest-rate expectations as much as with sterling itself.View GBP/AUD
FAQ
EUR/GBP questions
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