British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, 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). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.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. Sterling is also the third most-held reserve currency in global reserves (about 4%).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 Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

Gibraltar Pound

Gibraltar Pound

The Gibraltar pound (currency sign: £; banking code: GIP) is the currency of Gibraltar. It is pegged to – and exchangeable with – the British pound sterling at par value. Gibraltar pound coins are minted notes printed by the Government of Gibraltar.

1 British Pound to Gibraltar Pound exchange rates chart

1 GBP to GIP exchange rates graph
1 GBP to GIP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 GBP to GIP exchange rates table

Exchange GBP to GIP
1 British Pound = 1.000 Gibraltar Pound
2 British Pound = 2.000 Gibraltar Pound
5 British Pound = 5.000 Gibraltar Pound
10 British Pound = 10.000 Gibraltar Pound
Exchange British Pound to Gibraltar Pound
1 British Pound to Gibraltar Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1 GBP to GIP exchange rates news

Brexit Latest: British Pound Recovers as UK PM May Announces Deal

UK Prime Minister Theresa May and her cabinet have agreed to a Brexit deal with the European Union. The Brexit saga isn’t over yet, though.

indicative positive
British Pound Wavers On Brexit Milestone - Swissquote

British Pound Wavers on Brexit Milestone - Swissquote

conditional neutral
GBP/JPY Price Forecast - British pound finds a bit of support against yen

The British pound pulled back against the Japanese yen initially during the trading session on Friday but found enough support near the ¥147 level to turn around and form a hammer. This hammer suggests that we are trying to break towards the upside but there is so much in the way of noise between here and the ¥150 level that I think we will find sellers.

conditional positive
Exchange Rates Update Today: British Pound Awaits UK Labour Data, Euro Under Pressure, US Dollar Strength Ensues

The British Pound (GBP) posted heavy losses against the Dollar (USD) on Monday, as the Euro (EUR) also posted heavy losses.

conditional negative
25 Of The Most Unappealing Tourist Attractions (That Are Actually Somehow Popular)

We can't really comprehend how these places are still so popular

indicative neutral
Brexit LIVE: David Davis in 11th hour intervention warning MPs against Theresa May’s plan

FORMER Brexit secretary David Davis has made an 11th hour intervention and warned fellow Tory MPs about the threat Theresa May's Chequers proposal will have on a post-Brexit Britain

conditional neutral
UK Chancellor To Increase Tax For Offshore Gambling Operators

UK Chancellor Philip Hammond has the offshore gambling industry on his radar as he plans for a tax increase later this month.

conditional negative
From GoSkippy to diamond mines: the web of Arron Banks's wealth

The tycoon’s complex finances are under scrutiny as the NCA investigates £8m of Brexit campaign funding

conditional positive
Taseko Mines: Impressive Q3 Copper Production

Copper production ended up around 9 million pounds higher than what I was expecting for Q3 2018. This was due to Taseko accessing higher copper grade benches pl

conditional positive

1 GBP to GIP currency converter