Pound sterling

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The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.wikipedia
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Pound sign

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The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
The pound sign is the symbol for the pound sterling—the currency of the United Kingdom and previously of Great Britain and the Kingdom of England.

Currency

currenciesforeign currencycoinage
The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
Under this definition, US dollars, British pounds, Australian dollars, European euros and Russian ruble are examples of currency.

United Kingdom

British🇬🇧UK
The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
currency = Pound sterling

Pound (currency)

£poundpounds
It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound.

Gibraltar pound

£GIPpound
The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound).
It is pegged to – and exchangeable with – the British pound sterling at par value.

Manx pound

Isle of ManManxPound
The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions.
The Manx pound (Punt Manninagh) is the currency of the Isle of Man, in parity with the pound sterling.

Special drawing rights

SDRSDRsspecial drawing right
Together with those two currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights.
From that date, the XDR basket now consists of the following five currencies: U.S. dollar 41.73%, Euro 30.93%, Renminbi (Chinese yuan) 10.92%, Japanese yen 8.33%, British pound 8.09%.

Jersey pound

coins of the Jersey poundpoundJersey
The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions.
It consisted of French coins which, in the early 19th century, were exchangeable for sterling at a rate of 26 livres = 1 pound.

Saint Helena pound

poundSHPcoins of the Saint Helena pound
The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound).
It is fixed at parity with the pound sterling and as such both currencies are commonly accepted and circulated.

Penny (British pre-decimal coin)

dpennypence
Before decimalisation, the pound was divided into 20 shillings and each shilling into 12 pence, making 240 pence to the pound.
The pre-decimal penny (1d) was a coin worth 1⁄240 of a pound sterling.

Decimal Day

decimalisationdecimalizationdecimalised
Since decimalisation in 1971 (see Decimal Day), the pound has been divided into 100 pence (until 1981 described on the coinage as "new pence").
Under the old currency of pounds, shillings and pence, the pound was made up of 240 pence (denoted by the letter d for Latin denarius and now referred to as "old pence"), with 12 pence in a shilling and 20 shillings (denoted by s for Latin solidus) in a pound.

Foreign exchange market

foreign exchangeforexcurrency exchange
Sterling is the third most-traded currency in the foreign exchange market, after the United States dollar, and the euro.
At the end of 1913, nearly half of the world's foreign exchange was conducted using the pound sterling.

Coins of the pound sterling

British coinscompetitioncoinage
See Coins of the pound sterling and List of British coins and banknotes for details.
The standard circulating coinage of the United Kingdom is denominated in pounds sterling (symbol "£"), and, since the introduction of the two-pound coin in 1994 (to celebrate the 300th anniversary of the Bank of England 1694–1994), ranges in value from one penny to two pounds.

Sovereign (British coin)

sovereignsovereignsgold sovereign
Various coin denominations had, and in some cases continue to have, special names—such as crown, farthing, sovereign and guinea.
The sovereign is a gold coin of the United Kingdom, with a nominal value of one pound sterling.

Shilling (British coin)

shillingsshillings
Before decimalisation, the pound was divided into 20 shillings and each shilling into 12 pence, making 240 pence to the pound.
The shilling (1/-) was a coin worth one twentieth of a pound sterling, or twelve pence.

£sd

£shillings and pence per poundd
This symbol derives from medieval Latin documents; the Roman words libra, solidus, and denarius (£sd) referred to pounds, shillings and pence in the British pre-decimal (duodecimal) currency system and the black-letter "L" was the abbreviation for libra, the basic Roman unit of weight.
In the United Kingdom, which was one of the last to abandon the system, these were referred to as pounds, shillings, and pence (pence being the plural of penny).

Reserve currency

reserve currenciesforeign currency reservesanchor currency
Sterling is also the third most-held reserve currency in global reserves (about 4%).
At that point the UK was the primary exporter of manufactured goods and services and over 60% of world trade was invoiced in pound sterling.

Falkland Islands pound

poundFalkland IslandsCoins
The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound).
The Falkland Islands pound has always been pegged to the pound sterling at par and banknotes of both currencies are used interchangeably on the islands (although only notes issued by banks in the United Kingdom are generally accepted in Britain itself).

United States dollar

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Sterling is the third most-traded currency in the foreign exchange market, after the United States dollar, and the euro.
The colloquialism "buck"(s) (much like the British word "quid"(s, pl) for the pound sterling) is often used to refer to dollars of various nations, including the U.S. dollar.

Penny sterling

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Stocks are often traded in pence, so traders may refer to pence sterling, GBX (sometimes GBp), when listing stock prices.
The penny sterling (symbol: p; plural: pence) is a subdivision of pound sterling, the currency for the United Kingdom.

ISO 4217

codecurrency codeISO 4217 currency code
The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

Decimalisation

decimal currencydecimaliseddecimalization
Since decimalisation in 1971 (see Decimal Day), the pound has been divided into 100 pence (until 1981 described on the coinage as "new pence").
Historically, non-decimal currencies were much more common: such as the British pound sterling before decimalisation in 1971.

Euro

EUReuros
Sterling is the third most-traded currency in the foreign exchange market, after the United States dollar, and the euro.
They could not be set earlier, because the ECU depended on the closing exchange rate of the non-euro currencies (principally the pound sterling) that day.

Crown (British coin)

crowncrownscrown coin
Various coin denominations had, and in some cases continue to have, special names—such as crown, farthing, sovereign and guinea.
However, as the result of inflation the value of the coin was revised upwards in 1990 to five pounds.

Guernsey

🇬🇬Bailiwick of GuernseyGG
The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
Guernsey does not have a Central Bank and it issues its own sterling coinage and banknotes.