British Pound Sterling (GBP) is a slang term used for the British Pound. If you are wondering why it’s named sterling, it’s because a coin of the British Pound once weighed one troy pound of sterling silver, giving it the nickname of “Sterling”.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.