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    CodeGBP (numeric: 826)
    Subunit0.01

    Pound sterling - Wikipedia

    • Sterling (ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound (sign: £) is the main unit of sterling, and the word pound is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was th…

    The Rise and Fall of the British Pound
    The Rise and Fall of the British Pound
    The pound sterling is one of the oldest and most recognizable currencies in the world. But how did it become the iconic symbol of British power and prestige? And what challenges has it faced over the centuries?
    Names

    There are various theories regarding the origin of the word "sterling". The Oxford English Dictionary states that the "most plausible" etymology is a derivation from the Old English steorra for "star" with the added … See more

    Crown Dependencies and British Overseas Territories
    Subdivisions and other units

    Since decimalisation on Decimal Day in 1971, the pound has been divided into 100 pence (denoted on coinage, until 1981, as "new pence"). The symbol for the penny is "p"; hence an amount such as 50p (£0.50) properly pr… See more

    History (600–1945)

    The pound sterling emerged after the adoption of the Carolingian monetary system in England c. 800. Here is a summary of changes to its value in terms of silver or gold until 1816.
    The pound … See more

    History (1946–present)

    Under continuing economic pressure, and despite months of denials that it would do so, on 19 September 1949 the government devalued the pound by 30.5% to US$2.80. The 1949 sterling devaluation prompted several oth… See more

    Coins

    The silver penny (plural: pence; abbreviation: d) was the principal and often the only coin in circulation from the 8th century until the 13th century. Although some fractions of the penny were struck (see … See more

    Banknotes

    The first sterling notes were issued by the Bank of England shortly after its foundation in 1694. Denominations were initially handwritten on the notes at the time of issue. From 1745, the notes were printed in denominati… See more

     
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