British Pound Sterling

The British Pound Sterling, often simply called the pound, is the official currency of the United Kingdom. It is one of the oldest currencies still in use today. The symbol for the pound is £, and its currency code is GBP. The pound is divided into 100 smaller units called pence. It is used for everyday transactions, including shopping and paying bills, and also serves as a major global currency in international trade and finance. The value of the pound fluctuates based on economic conditions, government policies, and market dynamics.