The Pound Sterling is the official currency of the United Kingdom and is often symbolized by the sign "£". It is one of the oldest currencies still in use today, with a rich history dating back over 1,200 years. The Pound is divided into 100 smaller units called pence, making it easy to handle everyday transactions. The value of the Pound Sterling can fluctuate based on various factors, including economic conditions, inflation, and interest rates. It is widely used in international trade and is considered one of the major currencies in the world, alongside the US Dollar and the Euro.