Pound sterling

The pound sterling (GBP; £ or ₤), also called just the pound, is the official currency used in the United Kingdom. It is also used in British overseas territories and the British Crown dependencies of the Isle of Man, Bailiwicks of Guernsey and Jersey. The pound is divided into 100 pence.

Today's coins are 1 penny, 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, £1 and £2. The banknotes are £5, £10, £20 and £50.

As of October 2022, one pound was equal to 1.11 United States dollars.^{[needs update][source?]}