The British Pound Sterling (GBP) is the official currency of the United Kingdom and is widely used in financial markets and for international investments. Its value is determined by a variety of economic and political factors. The Bank of England is the central bank responsible for setting the monetary policy of the currency. Investors often use GBP as a safe-haven currency or as a hedge against other currencies. It is also used for trading and investments in international markets. Its liquidity, stability, and reputation make it a popular choice for investors. GBP is a commonly traded currency in the Forex market and is often used in international investment portfolios.