"GBP" redirects here. For other uses, see GBP (disambiguation).
Sterling
stg
British 12 sided pound coin.png Bank of England £50 Series G obverse.jpg
£1 coin (obverse) Series G £50 banknote
ISO 4217
Code GBP (numeric: 826)
Subunit 0.01
Unit
Unit pound
Plural pounds
Symbol £
Denominations
Subunit
1⁄100 penny
Plural
penny pence
Symbol
penny p
Banknotes
Freq. used £5£10£20£50
Rarely used £1£100
Coins 1p2p5p10p20p50p£1£2
Demographics
Date of introduction c. 800; 1223 years ago
User(s)
United Kingdom
see § Crown Dependencies and British Overseas Territories, below
Issuance
Central bank Bank of England
Website www.bankofengland.co.uk
Printer De La Rue
Mint Royal Mint
Website www.royalmint.com
Valuation
Inflation 8.2% or 9.4%
Source Office for National Statistics, 20 July 2022
Method CPIH or CPI
Pegged by see § Pegged currencies
This article is part of a series on
Politics of the United Kingdom
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Constitution
The Crown
Executive
Legislature
Judiciary
Bank of England
Elections and referendums
Devolution
Administration
Crown Dependencies
Overseas Territories
Foreign relations
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Sterling (abbreviation: stg; 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 that is still in use and that has been in continuous use since its inception. It is currently 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 Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves.
The Bank of England is the central bank for 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. Historically, sterling was also used to varying degrees by the colonies and territories of the British Empire
Sterling
stg
British 12 sided pound coin.png Bank of England £50 Series G obverse.jpg
£1 coin (obverse) Series G £50 banknote
ISO 4217
Code GBP (numeric: 826)
Subunit 0.01
Unit
Unit pound
Plural pounds
Symbol £
Denominations
Subunit
1⁄100 penny
Plural
penny pence
Symbol
penny p
Banknotes
Freq. used £5£10£20£50
Rarely used £1£100
Coins 1p2p5p10p20p50p£1£2
Demographics
Date of introduction c. 800; 1223 years ago
User(s)
United Kingdom
see § Crown Dependencies and British Overseas Territories, below
Issuance
Central bank Bank of England
Website www.bankofengland.co.uk
Printer De La Rue
Mint Royal Mint
Website www.royalmint.com
Valuation
Inflation 8.2% or 9.4%
Source Office for National Statistics, 20 July 2022
Method CPIH or CPI
Pegged by see § Pegged currencies
This article is part of a series on
Politics of the United Kingdom
Royal Coat of Arms of the United Kingdom (HM Government).svg
Constitution
The Crown
Executive
Legislature
Judiciary
Bank of England
Elections and referendums
Devolution
Administration
Crown Dependencies
Overseas Territories
Foreign relations
flag United Kingdom portal
EnglandNorthern IrelandScotlandWales
Other countries
vte
Sterling (abbreviation: stg; 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 that is still in use and that has been in continuous use since its inception. It is currently 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 Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves.
The Bank of England is the central bank for 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. Historically, sterling was also used to varying degrees by the colonies and territories of the British Empire
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