BCH/GBP: what to know
The BCH/GBP rate shows how much GBP you get for 1 BCH. Right now, 1 BCH buys 188.4978 GBP at the mid-market rate. In the other direction, 1 GBP is worth 0.005305 BCH.
In the short term BCH is driven mainly by crypto-market sentiment, while GBP responds to Bank of England policy and the UK economy.
Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
Over the past 12 months the BCH/GBP rate has ranged between 144.4361 and 480.6602 — a change of -56.44% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.