The official currency of the United Kingdom is the pound sterling (symbol: £, currency code: GBP). It is issued by the Bank of England and used throughout England, Scotland, Wales, and Northern Ireland. The pound is subdivided into 100 pence, though coins under 1p are rarely seen in everyday use. Banknotes feature portraits of the reigning monarch and national symbols, reflecting the U.K.’s heritage. Introduced in its modern form in 1694 alongside the founding of the Bank of England, the pound sterling remains one of the world’s most stable and widely traded currencies. Travelers often monitor the AUD→GBP rate when planning visits to London, Edinburgh, or coastal regions, balancing cash and cashless payments for local experiences.
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