British Pound (GBP) Exchange Rates

ISO 4217 Code

GBP

Central Bank

Bank of England

Website

www.bankofengland.co.uk

Official users

United Kingdom
Guernsey
Isle of Man
Jersey
British Overseas Territories

Sub-unit

1/100 Penny

Plural

Pounds
Pence

Coins in use

1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Banknotes in use

£5, £10, £20, £50

Rarely used coins

£5, £500, £1000

Rarely used banknotes

£1, £100

Mint

Royal Mint

Website

www.royalmint.com

The British Pound, or Pound Sterling – commonly known as the ‘Pound’ – is the official currency of the United Kingdom and its overseas territories.

The currency is in use in the British Crown dependencies of Guernsey, Jersey and the Isle of Man, the British Overseas Territories of South Georgia and the South Sandwich Islands, the British Antarctic Territory and Saint Helena, Ascension and Tristan da Cunha, the Falkland Islands and Gibraltar. Other British territories opted to use derivatives of the Dollar.

A number of nations that do not use Sterling also have currencies called the Pound; Egypt is one example. A pound is subdivided into 100 pence.

Sterling is the fourth most traded currency in the world behind the Euro, US Dollar and Japanese Yen. Combined with the three aforementioned currencies the Pound is one of the ‘basket’ of currencies that make up the IMF Special Drawing Rights (SDRs).