Penny of William I, showing the king's head between two stars. The basic unit of currency in medieval England was the silver penny or sterling, weighing about 1 ⁄ 240 of a tower

The meaning of POUND is any of various units of mass and weight; specifically : a unit now in general use among English-speaking peoples equal to 16 avoirdupois ounces or 7000 grains or 0.4536 …

The symbol £ was retained for the pound sterling, and the letter p was chosen for the new penny. This article was most recently revised and updated by Adam Augustyn.

POUND definition: 1. the standard unit of money used in the UK and some other countries: 2. the value of the UK…. Learn more.

The pound sign, £, is used to represent the pound sterling, the official currency of the United Kingdom.

1 day ago · Currency converter to convert from British Pound Sterling (GBP) to United States Dollar (USD) including the latest exchange rates, a chart showing the exchange rate history for the last 120 …

Nov 17, 2025 · Discover the history, importance, and trading aspects of GBP, the British pound sterling—symbolized by £ and commonly called sterling or quid.

Oct 17, 2025 · When reading a recipe, it's easy to understand why teaspoons are abbreviated as tsp. and pints are pt. But have you ever wondered why pound and ounce were abbreviated as lb. and oz., …

Sterling is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word pound is also used t...