The British Pound, officially known as Pound Sterling, is one of the oldest currencies in existence and serves as the official currency of the United Kingdom, including England, Scotland, Wales, and Northern Ireland. Additionally, it is used in some of the UK’s overseas territories such as the Isle of Man, Jersey, and Guernsey. The pound is symbolized by "£" and is recognized globally as a major reserve currency. The Bank of England acts as the central bank responsible for issuing and regulating the currency. Its nickname "quid" is commonly used in informal contexts.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.