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GBP (British Pound Sterling) is the official currency of the United Kingdom, and "sterling" often refers to the quality of the currency. The term "sterling" can also describe the standard of purity for silver, but in the context of currency, it typically refers to the pound itself. Therefore, while GBP is the currency code used in financial markets, "sterling" signifies the currency's value and quality.

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2mo ago

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What is the name of the currency of the UK?

The pound sterling, or in financial markets it's known as GBP which is the abbreviation of Great British Pound.


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There are a number of differing dollar currencies. The more common ones are converted here: As of 31/08/2010: US Dollars to Pounds Sterling: 1 USD = 0.649525 GB Therefore $1,000,000,000 US = £649,525,000 GBP Canadian Dollars to Pounds Sterling: 1 CAD = 0.609910 GBP Therefore $1,000,000,000 Canadian = £609,910,000 GBP Australian Dollars to Pounds Sterling: 1 AUD = 0.577351 GBP Therefore $1,000,000,000 Australian = £577,351,000 GBP New Zealand Dollars to Pounds Sterling: 1 NZD = 0.454030 GBP Therefore $1,000,000,000 NZ = £454,030,000 GBP Hong Kong Dollars to Pounds Sterling: 1 HKD = 0.0835275 GBP Therefore $1,000,000,000 HK = £83,527,500 GBP Singaporean Dollars to Pounds Sterling: 1 SGD = 0.479596 GBP Therefore $1,000,000,000 HK = £479,596,500 GBP


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20,000 GBP.


What is the currency of the UK?

The Pound (£) Sterling. The pound is the basic unit of money in Great Britain and Northern Ireland; equal to 100 pence (p). The Royal Mint produce the coins 1p, 2p, 5p, 10p, 20p, 50p, £1, £2. The Bank of England produce the banknotes £5, £10, £20, £50.


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