The United Kingdom’s British pound sterling uses the code GBP and the £ symbol. Bank of England notes are currently produced in £5, £10, £20 and £50 polymer denominations, and notes carrying King Charles III have circulated since June 2024 alongside equivalent designs bearing Queen Elizabeth II. The cash system is wider than the Bank of England series: authorised banks in Scotland and Northern Ireland also issue their own GBP banknotes under the UK note-issuing framework. Those notes represent the same currency rather than separate Scottish or Northern Irish units. A GBP balance therefore records value in the UK monetary unit, while the issuer of a physical note and the bank or payment service handling an electronic transaction are separate questions.
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