The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories. In financial markets, the GBP is typically used as an international reserve currency and is an important tool for foreign exchange trading. The GBP is also a popular choice for investors looking to diversify their portfolio and to take advantage of the strength of the British economy. The GBP is also an important factor in international trade, as it is used to purchase imports and for direct investments in the UK. As a result, the GBP is a key currency for many investors and traders around the world.