The main currency used in the United Kingdom is the British Pound Sterling, often simply referred to as the pound. Its symbol is "£," and the currency code is GBP. The pound has a long-standing history and is one of the oldest currencies still in use today. It is subdivided into 100 pence (singular: penny). The pound is available in various denominations of notes and coins, with the Bank of England responsible for issuing banknotes in England and Wales, while Scottish and Northern Irish banks can issue their own notes. The strength and stability of the pound make it a key currency in international markets.