British Pound (GBP)

The British Pound (GBP), also known as the pound sterling, is the official currency of the United Kingdom and its territories. It is one of the oldest currencies still in use today, serving as a major global standard for currency trading. The pound is subdivided into 100 smaller units called pence. It is issued and regulated by the Bank of England. The value of the pound fluctuates due to economic factors, international trade, and market sentiment. It is widely recognized for its stability and historical significance, making it a key currency in international finance and commerce.