British Pound Sterling (GBP)

The British Pound Sterling (GBP) is the official currency of the United Kingdom, including England, Scotland, Wales, and Northern Ireland. It is one of the oldest currencies still in use today, known for its stability and international importance. The Pound is subdivided into 100 smaller units called pence. It is commonly represented by the symbol “£”. The GBP operates as a freely traded currency in global financial markets, serving as a benchmark for many other currencies. Its value fluctuates based on economic factors, government policies, and market sentiment, reflecting the UK's economic health and stability.