The British pound sterling (symbol: £; code: GBP), often simply called the pound, is the currency of the United Kingdom. Sterling is the third-largest reserve currency, after the US dollar and the euro. The pound sterling is also the fourth-most-traded currency in the foreign exchange market after the US dollar, the euro, and the Japanese yen. 1 pound = 100 pence. Banks separate territories in the UK (Scotland, Ulster, Wales, etc.) release notes with their designs.
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