GBP - Pound Sterling

The currency used by the United Kingdom is known as the Pound Sterling, which is also written out in full as the United Kingdom Sterling and popular exchange rate is USD to GBP. The currency symbol for the Pound Sterling is £, while the currency code is GBP. You might see either of these listed in any exchange rate. You can find the most up-to-date Pound Sterling rates as well as a convenient currency converter above.


Short: GBP
Long: Pound Sterling
Country: United Kingdom
Symbol: £
Central Bank Name: Bank of England
Central Bank Website:
Unit: 1/100
Cent: penny
Coins: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2
Banknotes: £5, £10, £20, £50

British Pound – Information on the British Pound

The British pound, also known as the sterling pound, is the official currency of the United Kingdom and all of its territories. It has been used as the official money on international trade for centuries and is one of the "basket of world currencies" that includes the US dollar, the Japanese Yen and the Euro. The official ISO 4217 code for the pound is GBP. It is issued only by the Bank of England. There are several other currencies used around the world that are also referred to as a "pound," but none of them are officially tied to the British sterling pound. The British pound can be split up into 100 smaller denominations known as pence. The singular of pence is penny, which is not related to the American penny.


The "pound" gets its full name of "sterling pound" from the fact that its original value was determined by the value of one pound of sterling silver. It was devised when the Anglo-Saxons rules the British mainland and the pound remained intact when the Anglo-Saxons fell out of power.
The earliest known use of sterling silver as currency can be traced back to the eighth century and King Offa. He had developed a currency system based on a silver penny, which was actually a derivative of the Frankish Empire's currency system. The currency converter from one silver penny to a pound came from the Carolingian system of currency which stated that 240 pennies equalled one pound. King Offa used 240 of his silver pennies to device the unit of currency known as the sterling pound.

When the penny and pound was first introduced, the coins were made with the purest silver that could be found. But in 1158, King Henry II standardized this rather random purity system by stating that a sterling pound would always be 92.5 percent pure silver. The rest was filler metal. This was the standard used until the early 1900s when it was changed again.
Sterling silver is the kind of silver used to make a 92.5 percent pure coin. Fine silver is a more valuable sort of coin that is made using 99.9 percent silver. The British found it easier to adhere to the sterling silver criteria and that is why the sterling silver pound became common.


The Bank of England was officially established in 1694. Almost from its very inception, the Bank of England was issuing paper money along with silver coins.
The value Scottish and Irish pounds are based on the sterling pound and that has allowed the British Isles to be able to do currency conversions for centuries.
The five pound, 10 pound and 20 pound notes are more commonly used than the one-pound note.
The symbol for the sterling pound is ₤. It can appear with one or two lines through it. The central character in the pound symbol is the letter "L". This letter was used because the Roman word "librae" was used to measure currency in the ancient times.
The GBP symbol is sometimes mistakenly replaced with UKP. The GBP stands for "Great Britain Pound" and the UKP stands for "United Kingdom Pound." The UKP symbol is incorrect because the United Kingdom includes Ireland and Scotland. Both Ireland and Scotland have their own version of the pound currency.


The nicknames used for the sterling pound have been around for centuries. Some of the nicknames refer to specific denominations of the pound, while other nicknames refer directly to the pound itself. Some of the more common sterling pound nicknames are:
  • Quid
  • Ster
  • Stg
  • Sterling
  • Pence
  • Farthing


The sterling pound is the official currency of England as well as its direct territories. Those territories include:

  1. British Antarctic Territory
  2. Falkland Islands
  3. Gibraltar
  4. Guernsey
  5. Isle of Man
  6. Jersey
  7. Saint Helena
  8. Ascension
  9. Tristan de Cunha
  10. South Georgia
  11. South Sandwich Islands
  12. British Indian Ocean Territories

Other countries that recognize and use the sterling pound include: 

  • Uganda
  • Zimbabwe
  • Zambia
  • Sierra Leone
  • Tanzania
  • Rwanda
  • Malawi
  • Botswana


Date      Price    Open    High Low  Change %

Feb 01, 2016 1.4424 1.4245 1.4668 1.4236 1.24%
Jan 01, 2016 1.4247 1.4734 1.4815 1.4079 -3.34%
Dec 01, 2015 1.4739 1.5054 1.5239 1.4722 -2.11%
Nov 01, 2015 1.5056 1.5449 1.5499 1.4991 -2.42%
Oct 01, 2015 1.5429 1.5127 1.5509 1.5106 1.98%
Sep 01, 2015 1.5129 1.5342 1.5660 1.5105 -1.39%
Aug 01, 2015 1.5343 1.5623 1.5819 1.5333 -1.80%
Jul 01, 2015 1.5624 1.5708 1.5734 1.5328 -0.55%
Jun 01, 2015 1.5710 1.5291 1.5933 1.5168 2.74%
May 01, 2015 1.5291 1.5349 1.5817 1.5087 -0.39%
Apr 01, 2015 1.5351 1.4815 1.5498 1.4563 3.60%
Mar 01, 2015 1.4818 1.5435 1.5445 1.4632 -3.99%
Feb 01, 2015 1.5434 1.5084 1.5554 1.4986 2.42%

PPT link :

Have to make a Presentation and Currency profile report, including the data of the past 10 years and have to keep it under 15 mins. The points to be covered were..

  1. Evolution of currency
  2. Current exchange rate (As against INR).
  3. Last decade exchange rate trend
  4. Past 6 months exchange rate
  5. Currency international code
  6. Nicknames
  7. Alphabetic Code
  8. Numeric Code
  9. Denomination - Coins, Minting Agency
  10. Denomination - Bank notes, minting agency
  11. Popularity in Forex Trading (Ranking)
  12. Inflation Rate
  13. Interest Rate
  14. Central Bank
  15. Printer
  16. Minting Agency
  17. List of users (Countries)
  18. Convert to major currencies
  19. Any other information relevant
I've already prepared it and will upload its links soon.
We are supposed to teach a chapter of English which is an article written for the readers digest called 'Discovering Babasaheb'. So there are 3 members and we are supposed to split it in 3 parts and explain it. I have the whole textual transcript ready but I plan to record the whole presentation and upload it to YouTube and have it linked to the blog as well. The whole transcript will be included with it.

Company Name: Aryabhatta education consultancy.

Company motto: Lets start with zero (Work in progress).


This can change as I go further along the project.

General Information:



Please fill all the answers in block letters. Remember there are no right or wrong answers here and this is simply a survey, so fill all the answers honestly. This will help us better serve you the students with their further studies and help you achieve their dreams and aspirations.


  1. Have you thought about your further education?
  2. Have you thought about your career?
  3. What do you aspire to become after your education?
  4. What course would you like to pursue after your boards?
  5. What is your target percentage for your boards examination?
  6. Have you got any specific colleges in mind? if yes, list the top 3.
  7. Do you know the admission procedure in the colleges?
  8. Do you know about the admission requirements for the colleges?
  9. Do you know the deadlines for the admissions in the colleges?
  10. Would you like some help with your education plan?


  • The questions 1 and 2 give an insight on the concern of the students.
  • The questions 3 and 4 tell us if their career plans and education plans are in sync and also give an insight in the courses most pursued for accurate targeting of colleges to go after.
  • Gives an insight to shorten the demographic
  • Question 6 Gives the list of popular colleges ( A further study can be conducted to find out what made the colleges popular).
  • The questions 7,8 and 9 give an insight if the problem actually exists for the model to work.
  • Question 10 gives a clear message for the need of the business.


  1. Get target demographic by gender, course, college, percentage etc.
  2. Check the information level for further education of graduating students.
  3. Check whether enough students would want help.
This seems like its ready to go.
College assignment to think of a venture and carry out the necessary research and compile it all into one Business plan. 

But Business plans are boring. I am going to create the whole model. Doing some research and conducting some surveys and looking for potential investors. Bring it to the verge of existence. I haven't planned anything after that.


The gist of the idea is to set-up a local level education consultancy. The concept of turning problems into opportunities is the key behind any successful business. The idea came to me when I was looking for colleges to get into. I was pursuing my diploma in a reputed college but as it turned out, word of mouth isn't always accurate. The college  was shit and I was demotivated to study, further more I had no clue which colleges could I apply for with my percentage and the processes and deadlines. On inquiring with my batch mates of multiple schools, I saw that they were all the same. No proper knowledge was present. This idea was penned down by me then and now it looks promising. So the concept is, the students come to us for guidance. We show the the colleges that would accept them, the colleges which would give them scholarship if they excel in sports or extra curricular activities. Give proper review of the college and the course material they would be studying. The review of the teachers, all taken from the ex-students of the colleges. Also counsel them about the course they should pursue in order to reach their specific goals if they have any and for all these services they would pay us some amount.


  1. Legalities: 
    • Company registration cost.
    • Find out relevant Laws.
  2. Survey:
    • Prepare a questionnaire for students, teachers and parents.
    • Visit schools and request permission for conducting the survey in written format.
    • Print out the required no. of surveys.
    • Collect and analyse data.
  3. Product Design:
    • Design a website with all the relevant information in it.
    • Make a logo, letter head and other stationeries.
    • List out all the information to be provided to the customers.
    • Contact colleges for their admission process information.
  4. Business plan:
    • Stages:
      • Start up phase
      • Growth phase
      • Maturity phase
    • Structure: ( According to phases.)
      • Marketing Staff
      • Essential Staff
      • Management Staff
      • Work delegation
    • Cash Flow:
      • Operating Activities
      • Financing Activities
      • Investing Activities
    • Competition analysis:
      • List of Education consultants
      • List of the services they provide
    • Key Partners
    • Key Resources
    • Key Activities
    • Cost structure
    • Revenue streams
    • Customer Segments
    • Customer Relationships
    • Financial forecast
  5. Marketing:
    • Affiliation with teachers
    • Strategies for lead generation
    • Call Marketing :
      • Create Transcript
      • Record calls for further study
    • Target Audience
Hope to finish it within 10 days.