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Pound Sterling (GBP)

Pound Sterling · £ · Official currency of the United Kingdom

History

The pound sterling (£) traces its origins back to 8th-century Anglo-Saxon England, making it one of the oldest currencies still in use today. The Bank of England, founded in 1694, has issued banknotes ever since, and some banks in Scotland and Northern Ireland also issue their own distinctly designed pound notes.

Banknote Denominations

Four denominations circulate: £5, £10, £20, and £50, fully converted to counterfeit-resistant polymer material since 2016. Notes feature the reigning British monarch on the front and historical scientists, writers, and other notable figures on the back.

Traveler Tips

Banknotes issued by Scottish and Northern Irish banks are legal currency across the UK alongside Bank of England notes, though a few shops in England sometimes hesitate to accept the less familiar designs — worth knowing before you travel. Since 2016 all notes have been polymer, which holds up well against water, but they don't do well with heat or ironing, so keep that in mind when you store them.

Issuing authority
Bank of England
Introduced
Founded 1694
Sub-unit
£1 = 100 pence

You can view the real banknote designs on the Bank of England's official page.

See Pound Sterling banknotes at today's exchange rate →