What is the official currency of the UK?

The official currency of the United Kingdom is the British Pound Sterling, often referred to simply as the pound (£). The pound is one of the oldest currencies still in use, with its origins dating back to the 8th century. It is subdivided into 100 pence (p). Despite the UK’s decision to leave the European Union (Brexit), the pound remains one of the world’s most traded currencies and is widely used in global financial markets. The Bank of England issues banknotes, and coins come in several denominations.