British pound sterling

Certificate of British pound sterling, the history of currency, quotes

Британский фунт стерлингов: банкноты, монеты, история, котировки

British pound sterling is the official currency in the uk. In addition, He is the second currency in Guernsey, Jersey and the Isle of man. Is a means of payment in the Falkland Islands, St. Helena Islands, Tristan da Cunha, Ascension and in Gibraltar.

Bank code – GBP. Sign to denote-£ (comes from the Latin Libra). One pound equals 100 pensam.

The story quotes the British pound

British pound sterling: banknotes and coins

In circulation there are banknotes in the amount of 1, 2, 5, 10, 20, 50 lbs. Coins come in denominations of 1 and 2 lb, 2, 5, 10, 20, 50 pence. There are exclusive coin denominations of instances 5 pounds and 25 pence. The name comes from the Latin word weight (Pondus) and the English designation of the silver coin (Sterling).British pound sterling: banknotes

According to tradition, on one side of the currency shows representatives of the royal dynasty of the country. On the other side-prominent reformers, artists, policy, economy and t. d. This is typical for banknotes. And on the coins depicted only kings or Queens, the ruling at the moment. For example, now they had a portrait of Elizabeth (II).

At the same time, certain banks, constituent countries, may issue banknotes with own design solution. For example, banks in Scotland and Northern Ireland.

History of British pound sterling

The story begins in pound sterling 12 century. Presumably, currency was established by Henry (II) in 1158 year. There was the possibility of exchanging the pound for silver and later (until the outbreak of the first world war) -Gold.

British pound sterling: coinsThe cause of conversion in precious metals was the great depression. Resulting in 1931 year, the pound sterling was devalued by 20%. Unlimited conversion he acquired in the middle of the 20 century. Later, an attempt was made to attach to other foreign currencies. This decision led to another devaluation of the pound on 30%.

Throughout 20 century United Kingdom several times experienced financial crises, currency devaluation and imposed restrictions on the conversion.

British pound currency market

Now the currency of the Uk is in fourth place in terms of the number of currency reserves around the world. Its ahead: United States dollar, the euro and the Japanese yen. Monetary policy and emissions supervises the Bank of England.

The pace of development of the national industry strengthened currency vis-à-vis other foreign funds. United Kingdom GDP now ranks 7 place among world powers.

The British pound is one of the leading currencies on the Forex market. Saved an impressive interest rate. This makes the Uk currency sufficiently attractive in terms of committing positional deals. Also Uk macroeconomic indicators are now generally indicate better results, than the euro area.

Order, who decided to visit the uk, It is best to carry euros or dollars. They can be easily exchanged in any exchange points, banks and t. d. Best quotes, usually, in the banks at the center of major cities. Engaged in currency exchange, pay attention to the Commission-can be avoided, in advance specifying the conditions for conversion into a specific location.

Uk economic indicators

2012 2013 2014
Population (million) 63.7 64.1 64.5
GDP per person 41,192 41,833 45,754
GDP, billion United States 2,624 2,681 2,952
Economic growth 0.7 1.7 2.8
Domestic demand (change, %) 1.4 1.9 3.4
Consumption (change, %) 1.1 1.7 2.5
Investment (change, %) 0.7 3.4 7.8
Export (change, %) 0.7 1.5 0.6
Import (change, %) 3.1 1.4 2.2
Industrial production (change, %) -2.7 -0.6 1.6
Retail sales (change, %) 0.7 1.4 3.9
Unemployment 8.0 7.6 6.2
Taxes (% of GDP) -8.3 -5.7 -5.7
Public debt (% of GDP) 85.8 87.3 89.4
Money (change, %) 5.5 5.4 6.2
Inflation (at the end of the period, %) 2.7 2.0 0.5
Inflation on consumer goods 2.8 2.6 1.5
Inflation on INDs. Products 2.1 1.3 0.0
Interest rate 0.50 0.50 0.50
The stock market (change over the year, %) 5.8 14.4 -2.7
Exchange rate (against the United States dollar) 1.63 1.66 1.56
Course on parity PS 1.59 1.56 1.65

Trade British pound against other currencies

Trading operations with currencies, including the United States dollar, perpetrated through Forex brokers. From our point of view, the best of them are the following:

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Buying and selling British pounds sterling

Operations with cash and non-cash dollars United States can be made in banks. The best ones are listed:

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