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 ?
6 billion British pounds sterling, of which around half is in retail, including Meadowhall Shopping Centre in Sheffield (1.
dollars, euros, British pounds sterling, Swiss francs, Japanese yen, or other eligible currencies, placed in the U.
These 'Cashback' offers range from 800 British Pounds Sterling (pounds) to 3,000 pounds and cover 95 per cent of all new Ford cars sold in Britain.
com's new online casino games will be initially Java-based for instant-play and in British Pounds Sterling, which will make it easy and convenient for its users.
BAM has around 19bn British Pounds Sterling of funds under management, having grown rapidly from a base of less than 300m British Pounds Sterling at the beginning of the 1990s.
77) per SGB share, for a total consideration, including the assumption of certain SGB indebtedness, of 222 million British pounds sterling (approximately $334 million).
All pricing in the new UK shopping site will be in British Pounds Sterling.
TIMET UK Limited has also entered into new credit facility providing for revolving credit and terms loans of up to 30 million British pounds sterling ($48 million), subject to a formula-determined borrowing base.
3 million British pounds sterling (pounds) (approximately $46 million) in cash and the contribution of Iron Mountain's existing data security business in London, Arcus Data Security Limited (ADS).
During the year ended December 1998 COLT more than doubled its turnover to 215 million British pounds sterling (pounds) and carried over 3.

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