The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories. As a major world currency, it is widely used as a reserve currency and for international trading. The Pound Sterling is an important currency for international investors and financial markets. It is seen as a safe haven currency and its value is relatively stable against other major currencies. Investors may use the Pound Sterling to hedge against risk, make international payments, and diversify their portfolios. The Pound Sterling is also a key component of the global foreign exchange markets, and its value often reflects the overall state of the global economy.