Pound Sterling to Euro

The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the official currency of Great Britain also used in the British Crown dependencies of Man, Jersey and Guernsey. Also in circulation on the Island of St. Helena, the Island of Ascension, Tristan da Cugna Island, the Falklands and in Gibraltar.

One pound is subdivided into one hundred pence. The abbreviation UKL - United Kingdom Libra is also sometimes used. The name derives from antique silver coins. However, there are other versions of the origin of the concept of "sterling”.

The euro (sign: €, code: EUR, number: 978) is the official currency of the Eurozone. Presently, the Eurozone comprises 19 EU states and several non-EU microstates and special territories, such as the Vatican or the Republic of Kosovo. The euro has replaced the former accounting currency European Currency Unit (ECU).

The non-cash form of the euro currency came into existence in 1999. Physical euro banknotes and coins entered into circulation in 2002. The European currency is second in international interbank turnover, succumbing only to the US dollar.