GBP/BCH: what to know
The GBP/BCH rate shows how much BCH you get for 1 GBP. Right now, 1 GBP buys 0.00603786 BCH at the mid-market rate. In the other direction, 1 BCH is worth 165.6216 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while BCH responds to crypto-market sentiment.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions.
Over the past 12 months the GBP/BCH rate has ranged between 0.00208047 and 0.00692348 — a change of +166.45% 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.