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.
Monthly BTC Price
March 7 2019 The Crypto Wall Bitcoin Monthly Prices comparison in USD $3,911 GBP £2,945 AUD $5,499 CNY ¥25,915 Data taken on 7th of each month, WordBOT is a Crypto Analytical Aggregator predicting trending averages data collected across a broad selection of social media, Cryptocurrency and Altcoins #btcprice #bitcoinprice #bitcoin$ #usdollar #britishpound #audollar
The British pound fell Thursday, March 14, 2019
The #Britishpound fell on Thursday in #Asia after #UK. lawmakers voted to reject leaving the #EUwithoutawithdrawalagreement. The #yuan also slid following the release of below-forecast factory output data.
On Wednesday, #UKlawmakers voted by 312 to 308 for an amendment that ruled out the U.K. leaving the #EU without a withdrawal agreement. Lawmakers are now expected later today to vote for a delay to Brexit on March 29.
The #GBP/USD pair initially rallied more than 2% following the news but gave up some of its earlier gains today. The pair last traded at 1.3242 by 12:30 AM ET (04:30 GMT), down 0.7%. Meanwhile, the #USD/CNY pair edged up 0.1% to 6.7108 after data showed #China’s industrial output grew at the slowest pace in 17 years for the first two months in 2019.
The #US. #dollarindex that tracks the greenback against a basket of other currencies gained 0.1% to 96.648. The dollar was under pressure on Wednesday as the pound rallied on the latest Brexit news.
Elsewhere, the #AUD/USD pair slid 0.4% to 0.7060 following the release of underperforming #Chinesedata this morning.
#gulfbrokersdmcc #dgcx #trading #gold #oil #futures #government #currency #marketing #withdrawals
Uncertainty surrounding the calamity over Brexit, coupled with global trade wars, has caused the UK Gov to cut its growth forecast for the country.Link in bio. #wahegruinvestments #Brexit #PhilipHammond #GBP #BritishPound #Growth #investments #investing #hedgefund
Forex Wednesday, March 13, 2019
The #dollar is lower against the #Britishpound and little changed against the #euro in early trading in #Europe Wednesday, as the market leans on balance towards believing that #Brexit will be softened, delayed or even canceled.
At 03:00 AM ET (0800 GMT), the pound was at $1.3142, up from around $1.3060 immediately after the vote, while #EURGBP was lower at 0.8584.
The #dollarindex, which measures the value of the greenback against a basket of six major currencies, was at 96.94, practically unchanged.
The U.K. parliament rejected the government’s deal on leaving the #EuropeanUnion for a second time on Tuesday, effectively killing it as the #EU has said it isn’t prepared to negotiate any more on the terms of leaving.
The Withdrawal Agreement over the line. The impasse can only be solved in the #UK," #Barnier said. “Our “no-deal” preparations are now more important than ever before.” #gulfbrokersdmc #dgcx #trading #gold #oil #futures #currency #marketing #government
Welcome to #wisewealthwednesday. This is relating to the #britishpound, the currency in the #UK. Are you #pennywise but #poundfoolish? Put another way, do you worry about the small things that seem important but have little impact, and lose sight of the grand scheme which has an enormous #impact? Rather than driving across town to save less than a dollar on gas, could you have spent that #priceless time with #family or looked into maximizing your investment returns? Happy #humpday!
Check out the PP blog for more about Personal Finances! Link IN BIO
#foodforthought #robertburton #money #wisewealth #wealthwednesday #wisdom #wednesday #personalfinance #prudent #prudentpat #yvr #truth #wisewords #personalfinanceblog #pennywisepoundfoolish #dontsweatthesmallstuff