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British Pound
(redirected from British pounds)

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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.


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Such sentiment effectively limits external demand for British Pounds, and the crisis in confidence for UK financial markets likewise removes a key pillar of GBP support.
FINANCIAL REVIEW Review of Results Turnover Group turnover for the financial year increased by 25% to British Pounds 1,749.
20, 1996--The following are the interim results for National Power, as stated by the company: NATIONAL POWER PLC INTERIM RESULTS for the half year ended 30 September 1996 KEY POINTS -- Earnings broadly unchanged: UK down, overseas contribution up -- British Pounds 1.
 
 
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