Why does the EUR/GBP rate move?

EUR/GBP is driven by the interest rate differential between the European Central Bank (ECB) and the Bank of England (BoE), as well as Brexit-related trade flows and economic data from both regions.

Is Wise cheaper than PayPal for EUR→GBP?

Yes. Wise charges a transparent fee (roughly 0.52%) on the mid-market rate. PayPal adds 2.5–4% FX markup plus transaction fees. On a €1,000 transfer, Wise can save you €20–€35.

Can I hold both EUR and GBP in one account?

Multi-currency accounts from Wise and Payoneer let you hold balances in both EUR and GBP, and convert when the rate is favourable. This is useful for EU-UK businesses that want to time conversions.

🇪🇺 EUR → 🇬🇧 GBP · Currency converter

EUR to GBP — Euro to British Pound Converter

EUR/GBP is a major European cross pair, driven by ECB and Bank of England policy divergence. For businesses and freelancers operating across the EU-UK corridor, provider markup can cost 2–4% on every conversion. Compare live rates and total fees to keep more of your money.

Live mid-market rate

Reference rate

1 🇪🇺 EUR = 0.8533 🇬🇧 GBP

1 GBP = 1.1720 EUR

You send

Euro

Swap

They receive

£853.26

British Pound

Summary

EUR to GBP — what you need to know

Live EUR to GBP conversion with mid-market rate reference.

Mid-market rate

The interbank rate you see on Google or Xe — the real reference rate without provider markup.

FX markup

Most consumer payment providers add 2–4% on top of the mid-market rate. Wise and similar providers pass through the real rate with a transparent fee.

Fee stacking

Watch out for payment provider fee → FX markup → receiving bank fee. Use our calculators to compare the total cost of each option.

Timing

FX markets move 24/5. Converting at off-peak times or batching payouts can reduce the total cost of currency conversion.

ECB / BoE rate-sensitive

SEPA + FPS domestic rails

Wise ~0.52% fee

PayPal ~3% FX markup

Reference rate

1 EUR = 0.8533 GBP

Mid-market · for reference only

Inverse

1 GBP = 1.1719 EUR

Useful for reverse conversions

Sample amount

853.3 GBP

1,000 EUR reference value

EUR to GBP — FAQs

The mid-market rate is the real interbank rate between the Euro and British Pound, updated every minute on global FX markets. Payment providers typically add a markup on top of this rate.