British Currency

Fifty Pound Note. The Houblon £50 note was introduced in April 2014 ​but is no.

  1. British Currency Denominations
  2. British Currency Pence
  3. British Currency System
  4. British Currency Denominations

British Currency Denominations

  1. GBP - British Pound. Our currency rankings show that the most popular United Kingdom Pound exchange rate is the GBP to EUR rate. The currency code for Pounds is GBP, and the currency symbol is £. More British Pound info.
  2. This Free Currency Exchange Rates Calculator helps you convert British Pound to US Dollar from any amount.
British Currency

The British currency is the pound sterling. The sign for the pound is

GBP = Great British Pound

We do not use the Euro. Although a few of the big shops will accept Euro, it is rarely used across Britain.

Since decimalisation in 1971 , the pound has been divided into 100 pence.

The pound () is made up of 100 pence (p) exactly like the dollar is split into 100 cents.

The singular of pence is 'penny'. The symbol for the penny is 'p'; hence an amount such as 50p is often pronounced 'fifty pee' rather than 'fifty pence'.

We have both coins and banknotes.

Current coins are:

1 penny, 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, 1 pound, and 2 pounds.

Current bank notes are:

The 5 pound note, the 10 pound note, the 20 pound note and the 50 pound note.

Old money conversions to money used today

  • Six pence - 2½p
  • One shilling (or 'bob') - 5p
  • Half a crown (2 shillings and sixpence) - 12½p
  • One guinea - £1.05

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British Currency Pence

© Copyright Mandy Barrow 2013

British Currency System

Mandy is the creator of the Woodlands Resources section of the Woodlands Junior website.
The two websites projectbritain.com and primaryhomeworkhelp.co.uk are the new homes for the Woodlands Resources.

British Currency Denominations

Mandy left Woodlands in 2003 to work in Kent schools as an ICT Consulatant.
She now teaches computers at The Granville School and St. John's Primary School in Sevenoaks Kent.