Euro falls to 0.8377 pounds, the lowest ECB reference rate since 29 May 2025
The ECB's euro reference rate for sterling was 0.8377 pounds per euro on 22 October, matching the level of 29 May 2025. Over October the euro has lost about 1.9% against the pound.
The European Central Bank's reference rate for sterling was 0.8377 pounds per euro on 22 October 2026, set at 2.15 p.m. CET. The level matches the rate of 29 May 2025, and no reference rate since then has been lower.
The path in October
- 1 October: 0.85373
- 20 October: 0.84028
- 21 October: 0.83825
- 22 October: 0.8377
On this measure the euro has lost about 1.9% against sterling since the start of the month, so one euro buys fewer pounds than it did on 1 October. Inflation is running higher in the euro area, at 3.8% in September, than in the UK, where CPI rose to 3.5%.
Reading it
The ECB publishes one reference rate a day, so the series shows a single fixing rather than the rate at every moment. Market rates can differ, particularly around data releases. This fixing came before the flash PMIs on 23 October, so it does not show how markets reacted to them.
For what drives the pair, see how to trade GBP/USD. Live prices: EUR/GBP.
Sources
Common questions
What was the euro reference rate against sterling on 22 October 2026?
The ECB reference rate was 0.8377 pounds per euro, set at 2.15 p.m. CET.
When was the euro last this low against sterling in the ECB data?
The same reference rate, 0.8377, was set on 29 May 2025. No lower reference rate appears in the ECB series since then.
Where do the ECB reference rates come from?
The European Central Bank publishes them each working day, and the sterling fixing is set at 2.15 p.m. CET.
This article is for information only and is not financial advice. Trading forex and CFDs carries a high risk of losing money. Read the risk warning. Spotted an error? Tell the editors.
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