The British Pound Sterling (GBP) is a major global currency and a mainstay of the international financial markets. It is a safe-haven asset, seen as a stable and reliable option for investors, particularly during times of economic uncertainty. The GBP is widely used for international payments and trading, and is a major component of the forex market. It is also a major factor in the pricing of commodities, such as gold and oil, as well as stocks and bonds. Its stability makes it a reliable option for investors, and its liquidity makes it attractive for trading. The GBP is also used as a hedge against inflation and currency devaluation.