Penny sterling

Penny sterling

The penny sterling (plural pence, abbreviation p) is a subdivision of pound sterling, the currency for the United Kingdom. It is currently 1⁄100 of a pound, but historically was 1⁄240 of a pound (old penny sterling). Its name is carried by the present British penny.

Stocks are often traded in pence rather than pounds and stock exchanges often use GBX to indicate that this is the case for the given stock rather than use the ISO 4217 currency symbol GBP for pounds sterling.

See also

  • Penny stocks
Preceded by
Old pence sterling		 Subunit of Pound sterling
1971-present		 Succeeded by
Current

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  • Sterling — Ster ling, a. 1. Belonging to, or relating to, the standard British money of account, or the British coinage; as, a pound sterling; a shilling sterling; a penny sterling; now chiefly applied to the lawful money of England; but sterling cost,… …   The Collaborative International Dictionary of English

  • Penny (British decimal coin) — For the pre decimal British one penny coin, see Penny (British pre decimal coin). For silver pennies produced after 1820, see Maundy money. One penny United Kingdom Value 1 penny sterling Mass  3.56 g Diameter  20.32 mm …   Wikipedia

  • penny — [ peni ] n. m. • v. 1450; mot angl. ♦ Un penny, des pence [ pɛns ]. Monnaie anglaise, autrefois le douzième du shilling; depuis l adoption du système décimal, le centième de la livre. « gigotant d un mauvais pied pour un penny, pour deux pences… …   Encyclopédie Universelle

  • sterling — [ stɛrliŋ ] adj. inv. • 1656; a. fr. esterlin, sterlin; mot angl., du germ. °sterron « étoile » ♦ Livre sterling. ⇒ 2. livre (3o). ● sterling nom masculin (anglais sterling, du latin médiéval sterlingus) En Angleterre, au commencement du règne d… …   Encyclopédie Universelle

  • sterling — [stʉr′liŋ] n. [ME sterlinge, Norman silver penny < OFr esterlin < Frank * esterling, dim. < VL istater < LL(Ec) stater,STATER] 1. an early English silver penny: a pound weight of these pennies was later standardized as a money of… …   English World dictionary

  • Sterling silver — is an alloy of silver containing 92.5% pure silver and 7.5% other metals, usually copper. The sterling silver standard has a minimum millesimal fineness of 925. Fine silver (99.9% pure) is generally too soft for producing large functional… …   Wikipedia

  • Penny — Pen*ny, n.; pl. {Pennies}or {Pence}. Pennies denotes the number of coins; pence the amount of pennies in value. [OE. peni, AS. penig, pening, pending; akin to D. penning, OHG. pfenning, pfenting, G. pfennig, Icel. penningr; of uncertain origin.]… …   The Collaborative International Dictionary of English

  • Penny cress — Penny Pen*ny, n.; pl. {Pennies}or {Pence}. Pennies denotes the number of coins; pence the amount of pennies in value. [OE. peni, AS. penig, pening, pending; akin to D. penning, OHG. pfenning, pfenting, G. pfennig, Icel. penningr; of uncertain… …   The Collaborative International Dictionary of English

  • Penny dog — Penny Pen*ny, n.; pl. {Pennies}or {Pence}. Pennies denotes the number of coins; pence the amount of pennies in value. [OE. peni, AS. penig, pening, pending; akin to D. penning, OHG. pfenning, pfenting, G. pfennig, Icel. penningr; of uncertain… …   The Collaborative International Dictionary of English

  • Penny father — Penny Pen*ny, n.; pl. {Pennies}or {Pence}. Pennies denotes the number of coins; pence the amount of pennies in value. [OE. peni, AS. penig, pening, pending; akin to D. penning, OHG. pfenning, pfenting, G. pfennig, Icel. penningr; of uncertain… …   The Collaborative International Dictionary of English

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