Pound Sterling Wiki
The pound sterling (symbol: £; ISO code: GBP), known in some contexts simply as the pound or sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). The "pound sterling" is the oldest currency in continuous use. Some nations that do not use sterling also have currencies called the pound. Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of 30 September 2019, sterling is also the fourth most-held reserve currency in global reserves.The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in the British Overseas Territories: Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), and in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound), others having transitioned to dollar currencies, such as Bermuda in 1970. The Bank of England is the central bank for the pound sterling, issuing its own banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issued by other jurisdictions are not regulated by the Bank of England; their governments guarantee convertibility at par. The pound sterling was also used to varying degrees by colonies in the British Empire. With currencyconverts.com you can convert Great Britain Pound (£) to any other foreign currency. To convert a certain amount of Pound Sterling use currency converter. This page provides a free online information about currency conversion or exchange rates for world fiat currencies. Exchange rates for Great Britain Pound is calculated from mid-market real price and updates daily. Usually people search for GBP exchange rate before business travel to Antarctica, Guernsey, Isle Of Man, Jersey, South Georgia And The South Sandwich Islands, United Kingdom Of Great Britain And Northern Ireland, Zimbabwe, or during trip to other countries and want to check rate of Pound Sterling in local money. On this page you can convert Great Britain Pound to main foreign currencies, get fast access to most used amounts of GBP or aether calculate any amount of Pound Sterling in other fiat money.