The European Central Bank has published its euro reference rate against sterling for 10 November 2026, fixing one euro at 0.83545 pounds sterling. The fixing is a daily official benchmark derived from a concertation procedure among central banks, and it reflects the prevailing euro-sterling exchange rate on that date rather than a policy decision. Movements in this cross are transmitted primarily through relative interest rate expectations between the Bank of England and the ECB, along with differences in inflation trajectories and growth outlooks that shape capital flows between euro-area and UK assets. Sterling-denominated and euro-denominated sovereign bonds, exporters and importers with significant intra-European trade exposure, and UK-listed firms with euro revenue streams are most sensitive to shifts in this rate. Traders will watch the next UK and euro-area inflation prints and any forward guidance from both central banks, since divergence in expected policy paths is the main driver of further movement in the EUR/GBP pair.
0.83545 GBP = 1 EUR 2026-11-10 ECB Reference rate
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The Euro (EUR) is the currency of 20 European Union member states. Major EUR movers include ECB Governing Council decisions, Eurozone CPI prints, Bund/BTP spread events, and political risk from France, Germany and Italy.
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