British Pound Overview

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.

British Pound to USD Exchange rates Chart

British Pound to USD Exchange rates Chart

British Pound Exchange rates Table

Exchange British Pound You buy GBP You sell GBP
Japanese Yen 0.007 134.106
US Dollar 0.801 1.248
Euro 0.902 1.109
Canadian Dollar 0.590 1.696
Australian Dollar 0.554 1.805

British Pound Tweets

British Pound added 1 tweet
2020-06-26 18:32:17 UTC
RT @Jefferson_MFG: Due to open in the autumn, this is family-owned British food manufacturer @wrightsflour's new multi-million pound m… https://t.co/RSRgOHWovx
British Pound added 1 tweet
2020-06-26 18:31:36 UTC
RT @Jefferson_MFG: Due to open in the autumn, this is family-owned British food manufacturer @wrightsflour's new multi-million pound m… https://t.co/RSRgOHWovx
British Pound added 1 tweet
2020-06-26 18:30:53 UTC
RT @Jefferson_MFG: Due to open in the autumn, this is family-owned British food manufacturer @wrightsflour's new multi-million pound m… https://t.co/RSRgOHWovx
British Pound added 1 tweet
2020-06-26 18:28:57 UTC
RT @Jefferson_MFG: Due to open in the autumn, this is family-owned British food manufacturer @wrightsflour's new multi-million pound m… https://t.co/RSRgOHWovx
British Pound added 1 tweet
2020-06-26 18:28:33 UTC
RT @frankknopers: Investors should start treating the British pound like an emerging markets currency, analysts say https://t.co/48UHZRxhnP
British Pound added 1 tweet
2020-06-26 18:28:21 UTC
A High Court Judge has ruled that gymnastics, a multi-million pound industry operated by it’s Sport England backed… https://t.co/UFCPGvwazg
British Pound added 1 tweet
2020-06-26 18:27:21 UTC
RT @Jefferson_MFG: Due to open in the autumn, this is family-owned British food manufacturer @wrightsflour's new multi-million pound m… https://t.co/RSRgOHWovx
British Pound added 1 tweet
2020-06-26 18:24:18 UTC
@mitchellvii GS as all should know collapsed the British Pound. Now with the US dept do you think he's up to the same thing?? #GeorgeSoros
British Pound added 1 tweet
2020-06-26 18:23:31 UTC
RT @BestForBritain: "Although the British economy is being gradually reopened after its coronavirus lockdown triggered a record slump,… https://t.co/q0f1WnB1FQ

British Pound Videos

Subscribe to NowThis World: http://go.nowth.is/World_Subscribe It was in 1971 that President Nixon declared drugs to be ...
Mar.19 -- Steven Englander of Standard Chartered says the British Pound will recover most of its losses. He speaks on ...
My British Pounds Banknotes Collection 2019 My latest update on my British Pounds Bank of England Collection! Please support ...
SHARE-LIKE & COMMENT! CLICK THE SUBSCRIBE BUTTON https://www.youtube.com/c/UltimateRandomVideos Follow us on ...
If you are travelling to the UK you can use this video as a guide as to what the notes look like.
The Bank of England's first polymer note, The New Fiver, will be issued from 13 September 2016. This film shows how the new £5 ...
For more information visit: https://www.shopstuff.co.uk Laurel X8 Bank Note Counter video demonstration.
BUY FOREX AND FOREX CARD FROM BOOKMYFOREX AT GREAT RATES. CLICK HERE http://bit.ly/bookmyforex-tindn THE ...
Pound sterling (symbol: £; ISO code: GBP), known in some contexts simply as the pound or sterling, is the official currency of the ...

British Pound News

GBP/USD Weekly Price Forecast – British Pound Pulls Back for the Week

The British pound continues to see a lot of resistance in the 1.25 region, an area that is a large, round, psychologically significant figure and of course the 61.8% Fibonacci retracement.

3 months conditional neutral
GBP/USD Price Forecast – The British Pound Looking for Support

The British pound broke down significantly during the trading session on Thursday initially, but has found buyers underneath the 1.25 level. This should not be a huge surprise, considering that there was a major breakout at that level. The question now is whether or not that was a false break out.

2 months conditional neutral
GBP/USD Price Forecast - British Pound Continues to Drift Lower

The British pound initially tried to rally during the trading session on Wednesday but then broke down a bit to show signs of exhaustion. Ultimately, we are still sitting above support though, so I do not necessarily believe that we are going to see some type of collapse in the short term.

about 2 months conditional positive
GBP/USD Price Forecast - The British Pound Has Run Into Resistance, Again

The British pound has gone back and forth during the trading session on Tuesday, showing signs of resistance near the 1.2250 level yet again.

about 1 month conditional positive
GBP/USD Price Forecast – British Pound Drives Lower

We have broken down through the bottom of the shooting star in a downtrend, so that is typically a very bearish signal.

about 1 month conditional neutral
Sterling edges above $1.24 on weaker dollar, Brexit hopes

Sterling rose on Monday, recovering from a three-week low during Asian trading, helped by a weaker dollar, hopes of a Brexit trade deal and expectations of better economic data.

7 days indicative positive
Premarket stocks: Gold prices spike on coronavirus caseload fears

But traders are showing signs Wednesday they are getting uncomfortable.What's happening: The price of gold, the essential safe haven asset, has climbed above $1

7 days conditional neutral

British Pound Currency converter