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British pound
Thesaurus| Noun | 1. |  British pound - the basic unit of money in Great Britain and Northern Ireland; equal to 100 penceBritish pound sterling, pound sterling, quid, poundBritish monetary unit - monetary unit in Great Britainpenny - a fractional monetary unit of Ireland and the United Kingdom; equal to one hundredth of a pound |
EncyclopediaSeePound SterlingLegalSeeSterlingBritish Pound
British PoundThe currency of the United Kingdom. It is the third largest reserve currency in the world. It traces its origins to Anglo-Saxon times and is the oldest currency still in use. It is issued by the Bank of England and the Bank of Scotland. Like most currencies, it was pegged to the U.S. dollar under the Bretton Woods System, but is now a floating currency. The pound did not use a decimal system for its subdivisions until 1971. See also: Decimalisation, Quid.EncyclopediaSeeb/pBritish pound
Related to British pound: British currencySynonyms for British poundnoun the basic unit of money in Great Britain and Northern IrelandSynonyms- British pound sterling
- pound sterling
- quid
- pound
Related Words- British monetary unit
- penny
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