The British Pound Sterling (GBP) is the official currency of the United Kingdom. In financial markets it is used as a global reserve currency, meaning it is accepted in many countries throughout the world. For investors and traders, the GBP is used as a safe haven currency, providing stability and protection during times of economic and political uncertainty. It is also a key currency for international trade, and is a popular choice for portfolio diversification. The GBP's liquidity and stability make it an attractive option for investors, and is a crucial component of global financial markets.