The symbol £ represents the pound currency which the United Kingdom uses.
2007-04-13 00:28:38
·
answer #1
·
answered by Anonymous
·
1⤊
1⤋
Pound symbol, ₤, pound sign
from united kingdom
The pound (symbol: £; ISO code: GBP), divided into 100 pence, is the official currency of the United Kingdom and the Crown Dependencies. The slang term "quid" is often used in place of "pound", depending on the region.
The official full name pound sterling (plural: pounds sterling) is used mainly in formal contexts and also when it is necessary to distinguish the currency used within the United Kingdom from others that have the same name. The currency name — but not the names of its units — is sometimes abbreviated to just "sterling", particularly in the wholesale financial markets; so "payment accepted in sterling", but never "that costs five sterling". The abbreviations "ster." or "stg." are sometimes used. The term British pound, commonly used outside the UK, is not an official name of the currency.
The pound was originally the value of one pound Tower weight of sterling silver (hence "pound sterling"). The currency sign is the pound sign, originally ₤ with two cross-bars, then later more commonly £ with a single cross-bar. The pound sign derives from the black-letter "L", from the abbreviation LSD – librae, solidi, denarii – used for the pounds, shillings and pence of the original duodecimal currency system. Libra was the basic Roman unit of weight, which in turn derived from the Latin word for scales or balance. The ISO 4217 currency code is GBP (Great Britain pound). Occasionally the abbreviation UKP is seen, but this is incorrect. The Crown Dependencies use their own (non-ISO) codes when they wish to reflect their distinctiveness. Stocks are often traded in pence, so traders may refer to Pence sterling, GBX (sometimes GBp), when listing stock prices.
Following the adoption of the euro by several countries, sterling became the world's oldest currency still in use,[citation needed] and it currently holds the third biggest portion of global currency reserves after the US dollar and the euro.[2] Pound sterling is the fourth most-traded currency in foreign exchange market after the USD, the euro, and the Japanese yen.
2007-04-13 07:29:20
·
answer #2
·
answered by Anonymous
·
2⤊
0⤋
£ is not a dollar sign, it is a "pound" sign and is used for British pounds. It is a form of the letter L, standing for "Libra", the Latin for "pound". The pound was so called because it originally represented the cost of a pound of gold (16 ounces, or about half a kilo).
(Actually, The Roman pound was only 12 ounces!!)
2007-04-13 08:51:49
·
answer #3
·
answered by GrahamH 7
·
2⤊
0⤋
It's not the dollar sign. It's the sign for "pounds" or English currency.
2007-04-19 00:09:12
·
answer #4
·
answered by Anonymous
·
0⤊
0⤋
England
2007-04-13 07:27:27
·
answer #5
·
answered by dior.junkie 5
·
0⤊
1⤋
Its a Pound sign they use in England
2007-04-13 07:28:48
·
answer #6
·
answered by Anonymous
·
0⤊
0⤋
It's the pounds sterling sign from England.
2007-04-13 07:29:36
·
answer #7
·
answered by Purdey EP 7
·
0⤊
0⤋
Euro dollars
2007-04-13 08:51:20
·
answer #8
·
answered by Linkin Tooka 3
·
0⤊
0⤋
F Above Tilda Matilda?
2007-04-13 07:34:13
·
answer #9
·
answered by Anonymous
·
0⤊
0⤋
£ is the British symbol for currency... we have things price like £2.97... Here in the UK, we also have the $ sign on our keyboards, which sometimes can come in handy. And the funny E one is European.
2007-04-13 07:28:51
·
answer #10
·
answered by susanradford18 4
·
0⤊
0⤋