The British Pound Sterling (GBP) is the official currency of the United Kingdom and is a major global currency. It is used to trade goods and services, and to make investments. The GBP is a major currency in international financial markets and is used to transact between different countries. Investors use the GBP to diversify their portfolios and to hedge against currency risk. Due to its stability and liquidity, the GBP is a popular choice for investors looking for long-term investments or to protect their capital. Additionally, GBP is used as a reserve currency for central banks, providing a convenient way to hold international reserves.