Pound sterling: Summary The Pound Sterling refers to the

Summary The Pound Sterling refers to the national currency of the Isle of Man, the United Kingdom, South Sandwich Islands, Gibraltar, the British Antarctic Territory, and South Georgia. GBP is the fourth most commonly exchanged currency on the forex market, only behind the euro, the US dollar, and the Japanese yen. The Bank of England is authorized to set the British pound ’s monetary policy by regulating the supply of money. Copy and paste Pound Symbol (£, ￡, #). Check Alt Codes and learn how to make specific symbols on the keyboard. On February 15, 1971, the pound sterling was officially decimalized into 100 new pence. The symbol £ was retained for the pound sterling , and the letter p was chosen for the new penny. This article was most recently revised and updated by Adam Augustyn. The pound sign, £, is used to represent the pound sterling , the official currency of the United Kingdom.