The currency of the United Kingdom is the “Pound Sterling,” often simply referred to as the “Pound.” It’s one of the oldest currencies in the world with a history dating back to the 8th century. The Pound is divided into 100 smaller units known as pence.
The symbol for the Pound is “£,” and its currency code is “GBP” (Great British Pound). It’s the official currency of the United Kingdom, which includes England, Scotland, Wales, and Northern Ireland. The Bank of England is responsible for issuing and regulating Pound notes and coins.
The Pound has played a significant role in global finance and trade. It’s known for its stability and is often considered a safe-haven currency. While the UK is a member of the European Union, it did not adopt the Euro, choosing to retain the Pound as its official currency.