The storm, which is moving north at 8 miles per hour, is the 5th named system of the season and has formed in a similar area to its predecessor, Tropical Storm Debby.
Update 2.05pm: The subtropical depression became Subtropical Storm Ernesto, the fifth named storm of the 2018 Atlantic hurricane season.
At this point, Lane poses no threat to land.
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Dry air, cool water and high upper level winds have hindered pure tropical low pressure systems only to favor types of storms that resemble mid-latitude or extratropical storms.
Tropical storm-force winds extend outward up to 25 miles from the storm's center. The late summer and early fall is considered the better time-frame for tropical storms to develop. A faster northeastward motion is forecast to occur on Thursday and Friday. Also, subtropical storms are cold-core weather systems, while tropical storms and hurricanes are warm-core. Even though the outlook has been adjusted to lower numbers, we haven't reached the peak of the Hurricane Season.
You may recall that in 2017, what was then Post-Tropical Cyclone Ophelia was moving through the northeast Atlantic - toward Ireland.