Weekly market update ·
Pound edges up against the euro: week to 16 Oct 2026
Sterling rose 0.44% against the euro, rose 0.87% against the US dollar and was little changed against the Swiss franc in the week to 16 October 2026.
The week in numbers
| Pair | Open | Close | Change | Range |
|---|---|---|---|---|
| GBP/EUR | 1.1798 | 1.1850 | +0.44% | 1.1798–1.1850 |
| GBP/USD | 1.3220 | 1.3335 | +0.87% | 1.3220–1.3335 |
| GBP/CHF | 1.0987 | 1.0988 | +0.01% | 1.0987–1.1056 |
| GBP/AED | 4.8550 | 4.8973 | +0.87% | 4.8550–4.8973 |
| GBP/HKD | 10.375 | 10.466 | +0.88% | 10.375–10.466 |
Pound vs euro, last 30 days
The biggest single-day move came on Monday, when GBP/EUR rose 0.33%.
The pound finished near the top of its four-week range against the euro, so euro buyers were getting some of the best rates of the month.
Because the UAE dirham and Hong Kong dollar track the US dollar, anyone paying in dirhams or HK dollars saw a similar move to GBP/USD, which gained 0.87%.
From high to low, GBP/EUR covered 0.44% this week. On a €500,000 purchase, that's £1,860 between the best and worst day to buy.
What it meant in real money
A €500,000 property cost
£421,941
£1,860 less than at the start of the week
A CHF 150,000 watch cost
£136,513
£12 less than at the start of the week
At mid-market reference rates, before any provider margin.
Figures are European Central Bank reference rates (UAE dirham derived from the US dollar peg). Past movements don't predict future rates. This update is general information, not financial advice. See today's figures on our exchange rates page.