The EUR to GBP exchange rate fluctuates due to numerous factors including differences in monetary policy between the European Central Bank and Bank of England, economic data releases, political developments (including Brexit aftermath), trade balances, market sentiment, and global economic conditions. These factors constantly shift the relative value of each currency as market participants adjust their positions based on new information and changing expectations. Even seemingly minor economic announcements or political statements can trigger significant movements in currency pairs as sensitive as EUR/GBP.

Since the Euro’s introduction in 1999, the EUR/GBP exchange rate has traded within a relatively wide range. The all-time high was approximately 0.98 GBP per Euro in December 2008 during the global financial crisis, when the Pound weakened significantly. The all-time low was around 0.57 GBP per Euro in May 2000, early in the Euro’s existence. In more recent years, particularly since the 2016 Brexit referendum, the rate has generally fluctuated between 0.83 and 0.92. During the last decade, the average EUR/GBP rate has been approximately 0.85, though this can change based on evolving economic and political circumstances between the UK and the Eurozone.

Our EUR to GBP converter uses real-time data from reliable financial data providers, typically updated several times throughout the trading day. The rates displayed are close to the mid-market rates, which represent the midpoint between buying and selling prices in the global currency markets. While these rates are highly accurate for informational purposes, it’s important to note that consumers and businesses typically cannot access exactly these rates when exchanging currency. Banks and exchange services usually add a margin to the mid-market rate or charge fees for their services. Our calculator provides an excellent benchmark to compare against quotes from currency exchange services, helping you identify the most competitive offers available to you.

Brexit has had a profound and lasting impact on the EUR/GBP exchange rate. When the UK voted to leave the European Union in June 2016, the Pound immediately depreciated against the Euro, with the EUR/GBP rate jumping from approximately 0.76 to 0.84 virtually overnight. Throughout the subsequent negotiation period (2016-2020), the exchange rate experienced significant volatility, with the Pound generally weakening during times of uncertainty or when a “no-deal” Brexit seemed likely, and strengthening when progress was made in negotiations. Following the official Brexit implementation and the conclusion of the transition period in January 2021, the exchange rate has somewhat stabilized but continues to be influenced by the evolving trade relationship between the UK and EU, as well as the divergent economic paths of the two regions post-Brexit. The long-term structural impact of Brexit on the EUR/GBP rate continues to unfold as businesses and investors adapt to the new relationship.

The foreign exchange market operates 24 hours a day, five days a week, with trading beginning in Asia, moving to Europe, and then to North America before starting over in Asia. For EUR/GBP specifically, the most active trading hours occur during the European session, roughly from 8:00 AM to 4:00 PM GMT (London time), when both European and UK markets are open. This is when liquidity is highest and rate movements can be most significant. Our EUR to GBP converter updates rates throughout the trading day, typically several times per hour during active market periods. The timestamp displayed with the conversion results indicates when the rate was last updated. For most accurate results, particularly when planning large transactions, it’s advisable to check rates during European trading hours rather than during the Asian or late North American sessions when EUR/GBP trading volumes are lower.