GBP Full Form is Great Britain Pound. It is the currency of United Kingdom and the symbol the this currency is £. The official currency of the United Kingdom, its territories, and Zimbabwe. Common names for the British Pound include the Pound Sterling, Sterling, Quid, Cable, and Nicker.
Its name is derived from a Latin word ‘Libra’ which indicates weight and balance. It is the fourth most traded currency, the British Pound is the third most held reserve currency in the world. The British Pound is the oldest currency still in use today, as well as one of the most commonly converted currencies.
|1||Pound Sterling was first introduced as the silver penny.|
|2||In 1158, the design was changed and rather than pure silver the new coins were struck from 92.5% silver.|
|3||Silver pennies were the sole coinage used in England until the shilling was introduced in 1487 and the pound, two years later, in 1489.|