The symbol "£" represents the British pound sterling, which is the official currency of the United Kingdom. It is commonly used in financial transactions and is recognized globally. The pound is subdivided into 100 pence, often denoted by the symbol "p." The pound sterling has a long history, dating back to the 8th century. It is one of the oldest currencies still in use today. The Bank of England is responsible for issuing banknotes and coins, ensuring the stability and integrity of the currency within the UK.