GBP (£)

Currency: Pound sterling

The United Kingdom’s official currency. One US dollar is worth around 0.73 GBP. The pound sterling, also known as the British pound, is the official currency of the United Kingdom. It was introduced in Anglo-Saxon times and has been in continuous use since then. One pound is divided into 100 pence. The pound is issued by the Bank of England and is symbolized by the abbreviation GBP. The exchange rate of the pound is relatively stable compared to other currencies, and it is not pegged to any other currency. The pound is widely used in the UK for all transactions.