Penny sterling

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The penny sterling (plural pence) is a subdivision of Pound sterling, the currency for the United Kingdom. It is currently ¹⁄₁₀₀ of a pound, but historically was ¹⁄₂₄₀ of a pound. Stocks are often traded in pence rather than pounds and stock exchages often use GBX to indicate that this is the case for the given stock rather than use the ISO 4217 currency symbol GBP for pounds sterling.

Preceded by Old pence sterling

Subunit of Pound sterling 1971-present

Succeeded by Current