Far be it for me to cause further dissension between Glasgow and Edinburgh and to speak ill of the dead, but if Donald Dewar made a mistake about the location of the building it was that he should have chosen Glasgow, as it is the biggest city in Scotland.
The pound sterling (symbol: Â£ ; ISO code: GBP), commonly known simply as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny).s the central bank of the United Kingdom which has been delegated authority by the government, the Bank of England sets the monetary policy for the British pound by controlling the amount of money in circulation.
The UK's currency is the pound sterling (Â£ / GBP). Despite being a member of the European Union, the UK has not adopted the euro. There are 100 pence (p) to the pound (Â£). Notes come in denominations of Â£5, Â£10, Â£20 and Â£50.Coins come in 1p, 2p, 5p, 10p, 20p, 50p, Â£1 and Â£2.ou will usually hear British people say pee rather than pence, as in 50p (50 pee). More colloquially, a pound is known as a quid, a five pound note is a fiver and a ten pound note a tenner.