Sterling United Kingdom Bank notes
The Pound Sterling is subdivided into 100 pence (singular: penny), is the currency of the United Kingdom, its Crown dependencies (the Isle of Man and the Channel Islands) and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic Territory and British Indian Ocean Territory. This article covers the history of sterling and the issues of sterling in England, Great Britain and the United Kingdom. For other associated issues see Manx pound, Jersey pound and Guernsey pound. The Gibraltar pound, Falkland Islands pound and Saint Helena pound are separate currencies, pegged to the pound sterling. Sterling currently makes up the third-largest portion of global currency reserves, after the US dollar and the euro. The pound sterling is the fourth-most-traded currency in the foreign exchange market after the US dollar, the euro, and the Japanese yen.
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Photo credit: © MOB IMAGES / Alamy / Afripics
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