GBP/ETH - Live Converters & Chart

British Pound Sterling (GBP) outlook

Nine straight days of losses against the euro in May took the pound to a 3-month low of €1.143, and similar losses against the US dollar meant quotes in the low $1.28s — also a 3-month low.

Sterling weakness has returned following a breakdown in the UK of cross-party Brexit talks, which has brought “no deal” back to life.

It seems nothing much has changed: PM Theresa May has announced that she will ask the House of Commons to vote again on her withdrawal deal in early June (the deal has already been rejected three times).

A fourth defeat for May’s plan is widely expected and would make no-deal much realer, with little time to organize any alternative before the October-31 exit date (unlikely to be extended). It remains possible, however, that Brexit is cancelled entirely.

Read the full article British Pound Sterling Forecasts.

Etherium (ETH) outlook

2018 was the year that the cryptocurrency dream came crashing down. The bubble that many had suspected was building in 2017 was realised and ethereum went on to lose roughly 80 percent of its value. Ethereum ended the year at $136, having battled with major obstacles including regulatory crackdowns and social media advertising bans.

In the first 2 ½ months of 2019, ethereum at least held its value, trading between $100 and $170.

In 2019, on balance, press was still mostly negative on cryptocurrencies. This press included the bankruptcy in February of Canada’s largest crypto exchange, QuadrigaCX, and March’s decision by the CBOE (a major US derivatives exchange) to ditch bitcoin futures contracts amid declining interest.

Because the release of the CBOE’s futures contracts coincided with the crypto market top in December ’17–January ’18, superstitious folk said in March they were anticipating the emergence of a new bull market.

An Investment Week expert said in February that ethereum predictions were now “pointless.”

The GBP/ETH mid-rate is the rate you will see quoted online or the news, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the GBP / ETH was traded (bought or sold) in the international markets.