GBP/EUR: what to know
The GBP/EUR rate shows how much EUR you get for 1 GBP. Right now, 1 GBP buys 1.1647 EUR at the mid-market rate. In the other direction, 1 EUR is worth 0.8586 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while EUR responds to ECB policy and eurozone growth.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the GBP/EUR rate has ranged between 1.1305 and 1.1804 — a change of +0.96% 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.