Euro Exchange Rate
EUR/GBP
The pound sterling is the oldest currency still in use
EUR/GBP is the main currency pair in Europe
The “Chunnel” is the colloquial name for EUR/GBP in forex
Check the current EUR exchange rate and calculate how the transaction can go if you make it with our dealer.
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What factors influence the current euro-to-pound exchange rate (EUR/GBP)?
The EUR/GBP currency pair, commonly known as the “Chunnel” (after the Channel Tunnel), is one of the most important pairs on the European financial market. It shows how many pounds sterling (GBP) are needed to buy one euro (EUR).
The quotes for this pair are directly influenced by the decisions of two powerful institutions:
- The European Central Bank (ECB) – which regulates eurozone policy.
- The Bank of England (BoE) – responsible for interest rates and the stability of the British economy.
In addition to interest rate decisions, the EUR/GBP exchange rate is extremely sensitive to inflation data in the UK and Europe, as well as to trade relations between London and Brussels.
Converter and quick conversion: EUR/GBP
Our intuitive currency converter lets you track exchange rates in real time and instantly see how much you’ll receive when exchanging currency. The data fed into our converter comes directly from the international foreign exchange market (Forex), ensuring accuracy down to a single pip.
To check the current value, enter the amount you’re interested in into the calculator above. Looking for other pairs involving the British currency? Check the current pound-to-zloty exchange rate as well.
EUR/GBP exchange rates for B2B
Even after Brexit, the United Kingdom remains one of the key trading partners for Polish and European businesses. If your company imports goods from the UK or exports services to the UK, settling transactions in EUR/GBP is part of your daily routine.
At Trejdoo, we understand your business needs. We offer companies the ability to negotiate exchange rates on larger transactions, which helps protect your profits from the high spreads imposed by traditional banks. Additionally, you can immediately send the exchanged funds to your UK business partners using our fast transfers to IBAN accounts.
A UK IBAN account and Faster Payments
In addition to competitive exchange rates, Trejdoo offers much more. You can open your own UK IBAN account directly on our platform. This is the perfect solution for businesses and individuals who conduct daily transactions in the UK.
With a dedicated UK account number, you gain complete independence. You can receive instant payments in pounds directly from your business partners, customers, or third parties—just as if you had an account at a local British bank. What’s more, you can instantly transfer the accumulated funds onward. Trejdoo supports the local Faster Payments system, so your fast transfers reach recipients in the UK in just a few seconds, allowing you to completely bypass expensive and slow SWIFT international transfers.
Frequently Asked Questions (FAQ) - EUR/GBP
How to correctly read the EUR/GBP exchange rate?
In this currency pair, the euro (EUR) is the base currency and the British pound (GBP) is the quote currency. This means that the exchange rate shown indicates how many pounds (and pence) you must pay for one euro. For example, a rate of 0.8550 means that 1 euro is worth 85.5 pence.
At what times is the euro-to-pound exchange rate most favorable?
The highest liquidity and lowest market spreads for the EUR/GBP pair occur during the overlap between the London and Frankfurt trading sessions. From the perspective of an European business owner, the best time to trade these currencies is between 9:00 a.m. and 5:00 p.m. local time.
What factors are having the strongest negative impact on the pound against the euro?
The pound typically weakens when the Bank of England (BoE) cuts interest rates more aggressively than the European Central Bank, or when weak macroeconomic data comes out of the British economy (e.g., a decline in GDP, rising unemployment). It also reacts nervously to political turmoil in the UK.
Are bank transfers and currency exchange more expensive after Brexit?
At traditional banks, the cost of transfers to the UK may have increased after Brexit due to regulatory changes. However, when exchanging currencies and making international transfers through the Trejdoo platform, you still enjoy transparent fees and excellent exchange rates, while avoiding hidden bank fees.