The GBP is the main currency used in the United Kingdom, British Overseas Territories, and the UK crown dependencies. An interesting fact about the pound sterling is that it is the oldest currency which is still in use. In addition, it is the fourth most popular currency in trading volumes, after the USD, EUR, and JPY.
Traders should be aware that many stock prices are expressed in pence sterling, rather than pounds. In order to better observe this difference, investors should look for the GBx or GBp indications. The most popular currency pairs using the pound are EUR/GBP and GBP/USD.
The following list features online brokers that accept GBP deposits: