The British Pound Sterling is the official currency of the United Kingdom. It is one of the most widely traded currencies in the world and is a major reserve currency. The Pound Sterling is used in investing and financial markets as a medium of exchange and a store of value. It is accepted by many countries as a reserve currency, and is often used to buy assets in international markets. The Pound Sterling's stability is attractive to foreign investors, making it a preferred currency in many investment markets. The Pound Sterling is also often used as a benchmark for pricing other assets, and as a safe haven currency in times of financial instability.