The pound is the name of the national currency and monetary unit in Britain. Sterling is mainly issued by the Bank of England, but there are also other issuers. The most commonly used symbol for the pound is. The International Organization for Standardization has obtained ISO 42 17 of the British pound, and the currency code is GBP (British pound). In addition to Britain, the currencies of British overseas territories are also denominated in British pounds, and the exchange rate with British pounds is fixed at 1: 1.
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The relationship between the pound and the European Economic and Monetary Union: The pound is often under pressure because of Prime Minister Tony Blair's remarks about the possibility of joining the single European currency, the euro. If Britain wants to join the euro zone, British interest rates must be reduced to euro interest rates.
If the public votes to join the euro zone, the pound must depreciate against the euro for the development of domestic industrial trade. Therefore, any talk about the possibility of Britain joining the euro zone will depress the exchange rate of the pound.
Economic data: Economic data. The main economic data of Britain include: initial unemployment rate, initial unemployment rate, average income, retail price index without mortgage, retail sales, industrial production, GDP growth, purchasing managers' index, manufacturing and service industry survey, money supply (M4), income and house price balance.
3-month Europound futures contract (short-term pound): 3-month Europound deposit futures (short-term pound). The futures contract price reflects the market's expectation of the European pound deposit interest rate in three months. The price difference with other countries' futures contracts in the same period will also cause changes in the exchange rate of the pound.
Baidu Encyclopedia-GBP