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.
The British pound may have ended the past week up against the US dollar and Japanese yen, but the UK's national currency ultimately fell against the rest of the majors amidst rising jobless claims and warnings from the IMF that the UK's budget deficit threatened to hurt the pound.
March 02 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 USD 1.7540 1.7570 1.7580 1.7610 Euro 2.3350 2.3390 2.3240 2.3290 British Pound 2.7800 2.8150 2.7800 2.8200 Swiss Franc 1.9250 1.9550 1.9250 1.9550 ANKARA USD 1.7500 1.7600 1.7550 1.7650 Euro 2.3280 2.3430 2.3200 2.3350 British Pound 2.7680 2.8130 2.7710 2.8150
The euro and British pound both rallied against the ultra-weak US dollar on Thursday, but there really wasn't anything in the way of economic news to warrant the buying of the European currencies.
March 01 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 1.7410 1.7460 1.7540 1.7570 Euro 2.3410 2.3460 2.3350 2.3390 British Pound 2.7800 2.8200 2.7800 2.8150 Swiss Franc 1.9400 1.9700 1.9250 1.9550 ANKARA USD 1.7380 1.7480 1.7500 1.7600 Euro 2.3350 2.3500 2.3280 2.3430 British Pound 2.7470 2.7950 2.7680 2.8130
The British pound took a hit against the US dollar, Japanese yen, Swiss franc, and euro, with the daily charts showing that GBP/USD formed a bearish engulfing candle.
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 1.7530 1.7560 1.7620 1.7670 Euro 2.3190 2.3220 2.3410 2.3460 British Pound 2.7400 2.7900 2.7550 2.7900 Swiss Franc 1.9100 1.9350 1.9250 1.9600 ANKARA USD 1.7470 1.7570 1.7550 1.7650 Euro 2.3110 2.3260 2.3340 2.3490 British Pound 2.7250 2.7850 2.7450 2.7900

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