The British Pound Sterling (GBP) is the official currency of the United Kingdom and is used to facilitate transactions in the country’s financial markets. It is an important currency in international trading and investing. Investors may use the British Pound to purchase stocks, bonds and other investments denominated in GBP. The Pound is also used to hedge exposure to other currencies, as it is seen as a relatively stable currency. The Pound is particularly well-suited for trading internationally due to its liquidity and the fact that it is well-recognized by traders and investors around the world.