The British Pound Sterling (GBP) is a major currency in the global financial markets and is used to trade a variety of investments, including stocks, commodities and currencies. The GBP is used in many countries around the world, making it an important currency for investors in international markets. It is also used as the base currency in many pairs of foreign exchange transactions, allowing investors to take advantage of fluctuations in the GBP exchange rate. Additionally, the GBP is an important currency for those investing in UK stocks, as it is often used as the pricing currency for these stocks. By holding the GBP, investors can gain exposure to the UK economy and capitalise on any changes in the exchange rate.