Euro falls to a 2026 low against the pound

The euro closed Friday at a new 2026 low against the British pound. The ECB's daily reference rate put EUR/GBP at 0.8373 on Friday 23 October, the weakest fix for the euro this year and the third consecutive session closing at a fresh 2026 low.

The move has been quiet but persistent. The pair started the year at 0.8719 and has lost 4% since January; from its 2026 high of 0.8763, reached on 27 February, the euro is down 4.5%. The three weakest fixes of the year all came this week: 0.8383 on Wednesday, 0.8377 on Thursday and 0.8373 on Friday.

For most of October the euro has been sliding against sterling without a single session making headlines, a reminder that exchange rates often move on slow accumulations of small daily changes rather than on one big event.

Source: ECB euro reference exchange rates, daily fixings through 23 October 2026.