1 GBP = 1.194982 EUR Oct 05, 2024 02:15 UTC Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently.

The exchange rate for British pound sterling to Euros is currently 1.196 today, reflecting a 0.234% change since yesterday. Over the past week, the value of British pound sterling has remained relatively stable, with a -0.176% decrease compared to its value 7 days ago.

Since the United Kingdom (UK) held a referendum on its European Union membership in June 2016, the British pound (GBP) weakened against the euro. From a high of 1.43 at the end of Nov 2015, the GBP to EUR exchange rate has remained below 1.2 since July 2016, sitting at 1.11 as of October 2020.

The value of the British pound is explained by a combination of factors, like interest rates, inflation, and the overall state of the economy. The strength of the GDP is driven mainly by the fact that the Bank of England, which issues the currency, has played an active role in international economic developments.