GBP (British Pound)

The GBP, or British Pound Sterling, is the official currency of the United Kingdom. It is one of the oldest and most widely traded currencies in the world. The Pound is subdivided into 100 smaller units called pence. Its value fluctuates based on economic factors, political events, and global markets. The Pound is used for everyday transactions, international trade, and as a reserve currency. It is recognized for its stability and is an important financial symbol for the UK and global markets alike.