The GBP/ILS is an exotic currency pair that specifies how many pounds are needed to buy 1 Israeli new shekel. This currency pair is less commonly traded than some of the major pairs, but still attracts traders who are interested in the UK and Israeli economies.
The UK and Israel have a strong trading relationship. The UK is one of Israel's largest trading partners, and many UK companies have significant investments in Israel. The exchange rate for GBP/ILS is influenced by political, economic, and geopolitical developments.
Keep up to date on the latest share price changes by adding GBPILS to your eToro watchlist.