Pound reaches €1.1991 as pension value rises over year

The pound was worth €1.1991 against the euro on Thursday 5 November. The figure is the European Central Bank's reference rate for the day.

The rate was €1.1965 a week earlier. The pound has therefore gained 0.26 euro cents over the week. A year ago, the rate was €1.1351, a gap of 6.40 euro cents.

For people who receive a UK pension in Spain, the yearly move changes its euro value. A £1,000 monthly pension converts to €1,199.10 at Thursday's reference rate. The same sum was worth €1,135.10 a year earlier, a difference of €64 a month.

The pound is close to the top of its range over the past year. Its low was €1.1305 on 14 November 2025. The high was €1.1996 on 3 November.

The average rate over the past 30 trading days was €1.1854. Thursday's figure was above that level.

The reference rate is a guide, not the amount every customer will receive. Banks and money transfer services use their own rates and may charge fees.

Source: European Central Bank.