The pound sterling (GBP) is the currency of not only Great Britain but also some other countries, which is one of the main world reserve currencies. The sign £ is used both to represent the British pound sterling and to represent most currencies of the same name.
Pounds are expensive and the main reason for this is their historical value. GBP has been leading its history since the 12th century. In the 17th-19th centuries, it became the world’s main reserve currency; it lost its position to the US dollar after World War 2.
The GBP can be freely bought and sold in foreign exchange markets around the world and therefore its value fluctuates against other currencies. This order is traditional among the major monetary units with the highest value in the world.
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