EUR/GBP: what to know
The EUR/GBP rate shows how much GBP you get for 1 EUR. Right now, 1 EUR buys 0.8485 GBP at the mid-market rate. In the other direction, 1 GBP is worth 1.1786 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while GBP responds to Bank of England policy and the UK economy.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
Over the past 12 months the EUR/GBP rate has ranged between 0.8472 and 0.8846 — a change of -2.49% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.