The currency used in the UK is the British pound (GBP), also known as the pound sterling.
The British pound, also known as pound sterling, is the official currency of the United Kingdom. It is denoted by the symbol "£" and is subdivided into 100 pence. Banknotes come in denominations of 5, 10, 20, and 50 pounds, while coins are available in denominations of 1, 2, 5, 10, 20, and 50 pence, as well as 1 and 2 pounds. The Bank of England is responsible for issuing and regulating the currency. The pound is widely accepted in the UK, and it is also used as a reserve currency by some central banks. The exchange rate of the pound is influenced by various factors, including economic conditions, political events, and global market conditions.