The British pound sterling, also known simply as the pound or GBP, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, and the British Antarctic Territory. The pound is divided into 100 pence, and appears on coins and banknotes in various denominations. The most commonly seen coins are 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2. Banknotes come in denominations of £5, £10, £20 and £50. The pound sterling has a long history, dating back to the 8th century when different English kingdoms produced their own coins. The pound sterling was created in 1707 when the Kingdom of England and the Kingdom of Scotland united. The pound sterling has evolved over the centuries and today GBP coins and notes feature prominent figures from British history and culture. The pound sterling remains an important international currency and is still widely used and accepted around the world.
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