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British Currency
 

 

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pound iconWhat money do you use in England?
Money Quiz

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

GBP = Great British Pound pound sign

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 (pound sign) 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.

New coins revealed April 2008

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

Find out more about our old money go to old money

More about British Currency More about British currency

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