What denomination is the price of shares on the London Stock Exchange?

Answer 1

My understanding is "several."

£, $, Euro, etc.; to purchase stock in any market, or money in any country, it requires an "exchange value" or "exchange rate" of the moment. For example, if you wish to purchase 10 pounds of currency in dollars at an exchange rate of 1.2 dollars per pound, the total cost would be 12 dollars, plus the cost of the transaction, if any. Let's say you wait and the exchange rate goes to 1.4 the following month. Your new cost would then be $14 dollars per 10 pounds. If a stock/share is rated in pounds, and costs 100£ per unit or share, your cost would be (100 X 1.4) + transaction fee. If the share/stock is $100 rated in US dollars, your cost would be ($100) + transaction fee. It can become more complicated when you try to sell the shares/stock. You will be subject to rules and regulations stipulated by several international and national revenue control agencies (IRS, etc.), and depending on the amount invested, amount lost, amount gained, you could need a dependable accountant/tax auditor to reassure you are in compliance. Additionally, if the foreign currency loses "US dollar value," your $US will shrink. Let's say your 100 pounds is now worth 1.0 dollars per pound; you sell and get 100 dollars minus the transaction fee, for a total less than 100 dollars. I hope this at least partially answered your question.

If you are exchanging currency, there is usually a cost to sell and a cost to buy the foreign currency. This is partially why some countries have chosen to use the US dollar as their currency (Panama, Ecuador, etc.); and some have chosen the euro (Germany, England, etc.); another reason is perceived convenience for travelers and tourists.