Penny sterling
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(Redirected from Pence sterling)
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 (old penny sterling). Its value is carried by the British one penny coin.
Stocks are often traded in pence rather than pounds and stock exchanges 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 |
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