What currency is a pound?

The pound (sign: £) is the main unit of sterling, [c] and the word pound is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception.

What does GBP stand for in currency?

GBP is the abbreviation for the British pound sterling, the official currency of the United Kingdom. The British pound sterling is symbolized by the pound sign (£) and referred to as “sterling” or by the nickname “quid.” The most common trading pairs involving the British pound are the euro (EUR/GBP) and the U.S. dollar (GBP/USD).

What is a pound coin called?

A pound coin originally weighed one troy pound of sterling silver, giving the currency the name "pound sterling". "Sterling silver" means mixed metal that has 92.5% or more real silver. One pound sterling was originally divided by 240 sterling pence. This was because there are 240 pennyweights in a troy pound.