With its origins dating back to the year 760, the Pound Sterling was first introduced as the silver penny, which spread across the Anglo-Saxon kingdoms. The Falkland Islands, Gibraltar, and Saint Helena are all pegged at par to the GBP. The British Pound is the oldest currency still in use today, as well as one of the most commonly converted currencies. Common names for the British Pound include the Pound Sterling, Sterling, Quid, Cable, and Nicker. As the fourth most traded currency, the British Pound is the third most held reserve currency in the world. The United Kingdom's central bank is the Bank of England.
