The pound sterling, or GBP, is the official currency of the United Kingdom. The pound is also used in Jersey, Guernsey, Gibraltar, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. The GBP is subdivided into 100 pence.
The euro (symbol: €; currency code: EUR) is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone.
One indication of the strength of the British pound (GBP) is the way the currency is quoted relative to the U.S. dollar (USD) in exchange rates and foreign exchange (forex) markets. For example, an exchange rate between the GBP and USD might be quoted as 1.2500 GBP/USD, or $1.25 equals a pound.
How much is £100 worth to you? It forms 15.7% of the average weekly salary for men and 19% for women in the UK. Printing a note costs just a few pence for the Bank of England but the significance of £100 can be interpreted beyond its literal monetary value.
Why is British money called pounds? The name "pound" for currency has roots in Europe and the ancient Romans. The name comes from the Latin words libra pondo, which means pound weight. The £ symbol derives from the letter "L" in libra.
How did the British Pound get so Powerful : Great Britain's Economic History
Why is a pound called a quid?
Why Are Pounds Called Quid? There doesn't seem to be a definitive answer, similar to the dollar being referred to as "buck." Some believe it originates from quid pro quo, Latin for "something for something," while others think it came from Quidhampton, where there was once a royal paper mill.
The Great British pound, the pound sterling or the GBP is the 5th most valuable currency in the world. Although the GBP is not the most powerful in the world, it does keep the title as the oldest currency still in use.
How much savings does the average person have in the UK? According to a 2025 Finder survey, the average person in the UK has just over £16,000 in savings. However, 2 in 5 Brits (39%) have £1,000 or less in savings, meaning they would struggle to cover living expenses for more than a month.
GBP. The pound sterling, or GBP, is the official currency of the United Kingdom. The pound is also used in Jersey, Guernsey, Gibraltar, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. The GBP is subdivided into 100 pence.
The ten euro note is the second smallest at 127 millimetres (5.0 in) × 67 millimetres (2.6 in) with a red colour scheme. All bank notes depict bridges and arches/doorways in a different historical European style; the ten euro note shows the Romanesque era (between the 11th and 12th centuries).
There is one series of coins in circulation for the 1, 2 and 5 cent coins and two series for the €1, €2 and 10, 20, and 50 cent coins. All are valid as legal tender. The design chosen for the first series of €1 and €2 coins was the work of the artist Joaquin Jimenez.
The Lebanese Pound (LBP) or lira, is the weakest currency in the world. The currency lost its value after the banking sector crisis in 2019. Once pegged at 1,500 LBP per USD from December 1997 through January 2023, it lost over 98% of its value following the crisis.
Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.
The exchange rate for British pound sterling to Euros is currently 1.15694 today, reflecting a -0.278% change since yesterday. Over the past week, the value of British pound sterling has remained relatively stable, with a 0.093% increase compared to its value 7 days ago.
A 'bob' was the slang word for a Shilling, which was worth 12 old pennies. Following decimilisation in 1971, a Shilling was worth 5 new pence. The old 'ten bob note' (10 shillings) was the equivalent of 5 Florins, or 4 Half Crowns, or 2 Crowns. After decimilisation, it was worth 50p.
that's been in use there for more than 12 centuries and is the world's oldest currency today. The nickname "quid" is believed to stem from the Latin phrase “quid pro quo,” which translates to "something for something."
The earliest coins to appear in the British archaeological record are third or fourth century BC Carthaginian bronzes, although it seems unlikely that they were used as currency. It is possible that these coins entered Celtic society as payment to mercenaries by Carthage and Syracuse.
The shilling was subdivided into twelve (12) pennies. 1 shilling = 12 pence. The penny was further sub-divided into two halfpennies or four farthings (quarter pennies).
