The name of the British currency is the pound sterling, often simply referred to as the pound. Its symbol is "£," and it is subdivided into 100 pence (singular: penny). The pound is one of the oldest currencies still in use today and plays a significant role in the global economy. The Bank of England is responsible for issuing banknotes and coins. The pound’s value can fluctuate against other currencies, influenced by economic factors like inflation rates, interest rates, and overall economic stability in the United Kingdom. It is widely recognized and traded internationally.