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, Gibraltar, 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, Gibraltar, 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 of 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, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
Under this definition, U.S. dollars (US$), euros, Japanese yen, and pounds sterling are examples of currencies.

Japanese yen

yen¥JPY
Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.
It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling.

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.

Pound (currency)

£poundpounds
A number of nations that do not use sterling also have currencies called the pound.

Manx pound

Isle of Man poundIsle of ManManx
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 three 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%.

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.

Foreign exchange market

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

£sd

£shillings and pence per poundd
In the British pre-decimal (duodecimal) currency system, the term £sd (or Lsd) for pounds, shillings and pence referred to the Roman words libra, solidus, and denarius.
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).

Jersey pound

coins of the Jersey poundJerseypound
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.

Penny (British pre-decimal coin)

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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.

Coins of the pound sterling

British coinageBritish coinscompetition
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.

Decimal Day

decimalisationdecimalizationdecimal currency
Since decimalisation on Decimal Day in 1971, the pound has been divided into 100 pence (denoted on coinage, until 1981, as "new pence").
Decimal Day in the United Kingdom and in Ireland was on 15 February 1971, the day on which each country decimalised its respective £sd currency of pounds, shillings, and pence.

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.

Reserve currency

reserve currenciesforeign currency reservesanchor currency
, sterling is also the fifth most-held reserve currency in global reserves.
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

poundCoins of the Falkland Islands poundFalkland Islands
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).

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, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

Penny sterling

penceppenny
Stock prices are often quoted 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.

Euro

EUReuros
Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.
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.

Renminbi

yuanRMB¥
Together with those three currencies and the Chinese yuan, it forms the basket of currencies which calculate the value of IMF special drawing rights.
The other main world currencies are the United States dollar, euro, British pound, and Japanese yen.

United Kingdom

BritishUKBritain
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, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
The Bank of England is the UK's central bank and is responsible for issuing notes and coins in the nation's currency, the pound sterling.

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.

Gibraltar

GIBGibraltar Health AuthorityGibraltarian
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, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. 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).
In a currency board arrangement, these notes are issued against reserves of sterling.