British Pound


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British Pound

The currency of the United Kingdom. It is the third largest reserve currency in the world. It traces its origins to Anglo-Saxon times and is the oldest currency still in use. It is issued by the Bank of England and the Bank of Scotland. Like most currencies, it was pegged to the U.S. dollar under the Bretton Woods System, but is now a floating currency. The pound did not use a decimal system for its subdivisions until 1971. See also: Decimalisation, Quid.
References in periodicals archive ?
British pound futures contracts are listed by and subject to the rules of the Chicago Mercantile Exchange.
Summary: A tumultuous week for financial markets left the highly risk-sensitive British Pound sharply lower through FridayEoe1/4aos close, and major Bank of England monetary.
February 23 2012 (TUR) -- Buying and selling rates of USD, Euro, British Pound and Swiss Franc in Istanbul and Ankara on Wednesday and Thursday are as follows (in TL): Wednesday Thursday Buying Selling Buying Selling USD 1.
Summary: Continued British Pound strength has been a major theme of recent forex trade, and our currency trading buy/sell signals forecast further British Pound.
February 17 2012 (TUR) -- Buying and selling rates of USD, Euro, British Pound and Swiss Franc in Istanbul and Ankara on Thursday and Friday are as follows (in TL): THURSDAY FRIDAY Buying Selling Buying Selling U.
8250, the British pound shot higher this morning on the release of UK retail sales as the index.
February 26 2011 (TUR) -- Buying and selling rates of USD, Euro, British Pound and Swiss Franc in Istanbul and Ankara on Wednesday and Thursday are as follows (in TL): Wednesday Thursday Buying Selling Buying Selling USD 1.

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