The British Pound, often symbolized as £, is the official currency of the United Kingdom. It is one of the oldest currencies still in use today, with a history dating back over 1,200 years. The pound is subdivided into 100 smaller units called pence. The Bank of England is responsible for issuing and regulating the pound, ensuring its stability and value. The currency is widely used in international trade and is considered one of the major currencies in the world, alongside the US Dollar and the Euro.