British Pound

Overview & Economic Role

The British Pound Sterling (GBP) is the official currency of the United Kingdom, its territories, and the crown dependencies. It is the oldest currency in continuous use and ranks as the fourth-most traded currency in the foreign exchange market.

The Bank of England, founded in 1694, manages monetary policy for the UK. The City of London is a global hub for foreign exchange trading, which gives the Pound a prominent economic footprint. It is widely regarded as a stable, historic store of value.