The Jewish diaspora in the United Kingdom and transfers between London and Tel Aviv
The British Jewish community numbers several hundred thousand people and is among the most economically active diasporas in the country. Family transfers, support for relatives in Israel, property purchases, and educational expenses - all of this creates a regular bilateral flow between GBP and ILS. Beyond the diaspora, this corridor is actively used by Israeli companies with offices in London.
Pound and shekel: the United Kingdom and Israel as business partners
The United Kingdom and Israel have close trade and investment ties. British venture funds and technology companies actively invest in the Israeli startup ecosystem, and British universities cooperate with Israeli research centers. After the United Kingdom's exit from the EU, bilateral trade received an additional boost through the free trade agreement concluded in 2022.
Converting GBP to ILS through ATM24: direct exchange for individuals
The GBP/ILS pair is available at most major UK banks, but retail exchange spreads and commissions are often higher than with specialized services. ATM24 works with the GBP-ILS pair and processes requests remotely - without the need to visit branches. This is convenient for the diaspora and those who regularly transfer funds between the two countries.
The GBP/ILS pair has moderate liquidity and is available through most payment operators. The shekel rate reacts to news from the technology sector and regional geopolitics - current data matters more than forecasts.
The current GBP/ILS rate and converter are available on this page. For regular transfers between the United Kingdom and Israel, ATM24 helps carry out the exchange at a transparent rate.