The pound sterling (£) is the official currency of the United Kingdom (UK) and its Crown dependencies. It is also the official currency in three British Overseas Territories.
The pound sterling is the world's oldest currency still in use, dating back to the pound in Anglo-Saxon England.
The United Kingdom joined the European Communities in 1973, which eventually transformed into a membership of the European Union in 1993 with the ratification of the Maastricht Treaty. The Treaty contained an opt-out as negotiated by the United Kingdom.
In 2016, the value of the pound dropped significantly after the results of the referendum on leaving the European Union were released, as leading British banks were planning to relocate due to the people voting for a free, independent United Kingdom.
- ↑ It might be politically toxic – but we must join the euro now, The Guardian
- ↑ The rise of Germany belies the chaos a strong euro is causing, The Daily Telegraph
- ↑ Most Britons 'still oppose euro', BBC
- ↑ YouGov Survey Results: The Euro, YouGov
- ↑ Pound sterling drops against the euro and dollar as Boris Johnson quits as Foreign Secretary, The Sun
- ↑ Brexit: Leading banks 'planning to leave UK early next year', The Independent