Sterling

Sterling is the official currency used in the United Kingdom, including England, Scotland, Wales, and Northern Ireland. It is also called the British Pound (£ or GBP). Sterling serves as the primary medium for buying and selling goods and services, acting as a standard measure of value. Its value fluctuates based on economic factors, international trade, and financial markets. The pound has a long history and is one of the world's oldest currencies still in use today. It is composed of 100 smaller units called pence and is issued and regulated by the Bank of England.