The pound sterling (£) or GBP is the official currency of the United Kingdom. The EUR to GBP rate is the most commonly used UK Pound exchange rate. After the US dollar, the Euro, and the Japanese yen, sterling is the fourth most traded currency in the foreign exchange markets. The pound sterling also holds the record for being the oldest currency still in use. The official currency of Gibraltar is the Gibraltar pound (GIP). It is fixed to and exchangeable at par with the British pound sterling. The Government of Gibraltar is the central bank that controls the GIP and is in charge of minting coins and printing notes. Gibraltar’s economy is increasingly reliant on a variety of industries, including tourism and e-gaming.
