Jersey Pound

Jersey Pound

The pound is the currency of Jersey. Jersey is in currency union with the United Kingdom, and the Jersey pound is not a separate currency but is an issue of banknotes and coins by the States of Jersey denominated in pound sterling, in a similar way to the banknotes issued in Scotland and Northern Ireland (see Banknotes of the pound sterling). It can be exchanged at par with other sterling coinage and notes (see also sterling zone). For this reason, ISO 4217 does not include a separate currency code for the Jersey pound, but where a distinct code is desired JEP is generally used.Both Jersey and Bank of England notes are legal tender in Jersey and circulate together, alongside the Guernsey pound and Scottish banknotes. The Jersey notes are not legal tender in the United Kingdom but are legal currency, so creditors and traders may accept them if they so choose.

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.

1 Jersey Pound to British Pound exchange rates chart

1 JEP to GBP exchange rates graph
1 JEP to GBP 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 JEP to GBP exchange rates table

Exchange JEP to GBP
1 Jersey Pound = 1.000 British Pound
2 Jersey Pound = 2.000 British Pound
5 Jersey Pound = 5.000 British Pound
10 Jersey Pound = 10.000 British Pound
Exchange Jersey Pound to British Pound
1 Jersey Pound to British 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 JEP to GBP exchange rates news

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Highly regarded basketball recruits Anthony Walker of Nottingham, Maryland, and Isaiah Wong of Trenton, New Jersey, have signed with the Miami Hurricanes

indicative neutral
ACC defenders make national presence felt with clutch plays
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imperative negative
Thailand's child boxing debated after 13-year-old's death
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The death of a 13-year-old boy who was knocked out during a boxing match in Thailand has sparked debate over whether to ban child boxing

imperative neutral
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Boston College QB Brown day to day with abdominal injury

Boston College coach Steve Addazio says quarterback Anthony Brown day to day with abdominal injury

conditional negative
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

1 JEP to GBP currency converter