GBP
 |
Definition of 'GBP'The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories of South Georgia, the South Sandwich Islands and British Antarctic Territory and the UK's Crown Dependencies: the Isle of Man and the Channel Islands. The African country of Zimbabwe also uses the pound. The British pound is pegged to the Falkland Islands pound, Gibraltar pound, Saint Helenian pound, Jersey pound (JEP), Guernsey pound (GGP), Manx pounds, Scotland notes and Northern Ireland notes. |
 |
Investopedia explains 'GBP'The British pound sterling is symbolized by the pound sign (£) and is nicknamed "quid." Because stocks are traded in pence (the British term for pennies), investors may see stock prices listed as pence sterling - GBX, or GBp. |
Related Definitions
Articles Of Interest
-
Top 8 Most Tradable Currencies
Currencies can provide diversification for a portfolio that's in a rut. Find out which ones you need to know. -
5 Reports That Affect The British Pound
The pound is one of the world's most popular traded currencies, and is heavily impacted by these factors. -
Getting Started In Forex
Before entering this market, you should define what you need from your broker and from your strategy. -
A Primer On The Forex Market
Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers. -
In the forex market, how is the closing price of a currency pair determined?
The foreign exchange market, or forex, is the market in which the currencies of the world are traded by governments, banks, institutional investors and speculators. The forex is the largest market ... -
How does the foreign-exchange market trade 24 hours a day?
The forex market is the largest financial market in the world, trading around $1.5 trillion each day. Trading in the forex is not done at one central location but is conducted between participants ... -
What are the most common currency pairs traded in the forex market?
There are many official currencies that are used all over the world, but there only a handful of currencies that are traded actively in the forex market. In currency trading, only the most economically/politically ... -
Countries That Thrive On A Weak European Union
The current eurozone crisis is having a heavy impact on the global economy and certain nations may leave the EU as a result. -
Countries With The Best And Worst Investor Protection
Discover which countries do the most to protect the little guy from scheming executives and shady back-room deals. -
5 Countries You Need To Visit Sooner Rather Than Later
There are indicators in some countries that conditions may change and travelers may miss out on exploring these places.
Free Annual Reports