BTC/GBP: what to know
The BTC/GBP rate shows how much GBP you get for 1 BTC. Right now, 1 BTC buys 48,512.45 GBP at the mid-market rate. In the other direction, 1 GBP is worth 0.000021 BTC.
In the short term BTC is driven mainly by crypto-market sentiment and liquidity, while GBP responds to Bank of England policy and the UK economy.
The supply is capped at 21 million coins. 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 BTC/GBP rate has ranged between 44,185.53 and 93,082.28 — a change of -44.70% 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.