What money can use in Britain

What money do you use in England? 

The British currency is the pound sterling. The sign for the pound is 

GBP = Great British Pound 

We do not use the Euro. Although a few of the big shops will accept Euro, it is rarely used across Britain.

Since decimalisation in 1971 , the pound has been divided into 100 pence.

The pound is made up of 100 pence (p) exactly like the dollar is split into 100 cents.

The singular of pence is "penny". The symbol for the penny is "p"; hence an amount such as 50p is often pronounced "fifty pee" rather than "fifty pence".

We have both coins and banknotes.

Current coins are:

1 penny, 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, 1 pound, and 2 pounds.

New coins revealed April 2008

Current bank notes are:

the 5 pound note, the 10 pound note, the 20 pound note and the 50 pound note.

Old money conversions to money used today

Six pence - 2pOne shilling (or 'bob') - 5pHalf a crown (2 shillings and sixpence) - 12pOne guinea - 1.05