Use of the letter L for pound derives from medieval Latin documents: "L" was the abbreviation for libra, the Roman pound (weight), which in time became an English unit of weight defined as the tower pound.

The pound sign, £, is used to represent the pound sterling, the official currency of the United Kingdom.

The meaning of POUND is any of various units of mass and weight; specifically : a unit now in general use among English-speaking peoples equal to 16 avoirdupois ounces or 7000 grains or 0.4536 …

Dec 2, 2025 · The symbol £ was retained for the pound sterling, and the letter p was chosen for the new penny. This article was most recently revised and updated by Adam Augustyn.

Nov 24, 2024 · The pound sterling (£) holds a prominent place in global finance as one of the world’s oldest currencies still in use. As the official currency of the United Kingdom and several British …

POUND definition: 1. the standard unit of money used in the UK and some other countries: 2. the value of the UK…. Learn more.

Nov 17, 2025 · The British pound sterling (GBP) is the official currency of the United Kingdom and its territories, known as one of the oldest and most actively traded currencies.

Over time, the Pound became the official unit of currency for England, and later, the entire United Kingdom. Today, the Pound Sterling remains one of the oldest and most recognised currencies in …

Apr 11, 2025 · The pound emerged as a major currency in global trade, particularly during the 19th and early 20th centuries. Its foothold as a reserve currency was bolstered by Britain’s prominence in …