for amounts of money and 2 pound coin, 5 pound note, 10 pound note, etc. Note also that we say 2 pound s, 5 pound s, 10 pound s, etc. For example: '£6.50' - > ' six pounds fifty'. When saying aloud an amount of money that consists of pounds and pence, we do not usually say the word ' pence'. For example: ' six pounds fifty pence' - > '£6.50'. If an amount of money consists of both pounds and pence, we write the pound symbol and separate the pounds and the pence with a full stop. For example: 20p is often pronounced " twenty pee" rather than " twenty pence". If an amount of money consists only of pence, we put the letter ' p' after the figures. For example: ' three hundred pounds' - > ' £300'. When we write amounts of money in figures, the pound symbol £ is always shown in front of the figures. The Channel Islands and the Isle of Man have some different coins and notes from the mainland but the monetary system is the same. Scottish £1 notes are still in circulation in Scotland. The coins in circulation: 1 penny, 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, 1 pound, 2 pounds. ' £sd' was the popular name for the pre-decimal currencies pounds, shillings, pence of the Britain and other countries. The abbreviation comes from librae, solidi, denarii ( libra was the basic Roman unit of weight the solidus and denarius were Roman coins).
The pound sign derives from the ' £sd' pronounced, and sometimes written as ' LSD'.
The currency sign is the pound sign, originally ₤ with two cross-bars, then later more commonly £ with a single cross-bar. The word sterling is believed to come from the Old Norman French esterlin (meaning little star) transformed in stiere in Old English ( strong, firm, immovable). Sterling silver is an alloy of silver containing 92.5% pure silver and 7.5% other metals, usually copper. (GBP = Great British Pound)Īs a unit of currency, the term pound originates from the value of one pound Tower weight of high purity silver known as sterling silver. The official full name pound sterling ( plural: pounds sterling) is used mainly in formal language and also to distinguish the currency used within the United Kingdom from others that have the same name. The basic unit of British currency (currency of the United Kingdom and the Crown Dependencies) is the pound, which is divided into one hundred pence. Since 1971, the monetary system of Great Britain is based on the decimal system. British Money - British currency system, old British money, and slang terms for British Money.
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