The British Pound Sterling (GBP) is an internationally recognized currency that is used as a benchmark for investing and trading in financial markets. It is widely accepted as a currency of choice in global markets, making it an important tool for financial traders. The GBP is also a reserve currency, meaning it is held by central banks across the world as a store of value. As a global reserve currency, the GBP has a significant impact on the global economy, influencing the value of other currencies and investments. As such, investors and financial markets use the British Pound Sterling as a reliable benchmark for making investments and trading decisions.