Pound sterling - official currency of Great Britain, one of the most known world currencies. It is possible to name pound sterling the predecessor of dollar - after all America once was a colony of England. The pound long time carried out functions of world currency, has not been superseded yet from the forex market. The pound sterling or simply pound also is known in various regions as quid is a slangy name has got accustomed in Africa and some places of England. As a currency full name - pound sterling - long enough and not absolutely convenient for a pronunciation often it reduce to a word “pound” in a context when it is clear that is a question of English currency or to “sterling”, so far as concerns a choice of currency of the transaction on forex trading. The matter is that exists also Irish pound that disturbs unequivocal communications. Are used for a pound sterling and reduction designation ster or stg. In the market Forex abbreviation GBP - Great Britan Pound is accepted. In 30th years of the twentieth century pound sterling named in the financial markets “cable” (”cable”) - the majority of transactions occurred in this currency, and the telegraph was the basic communication facility. The slangy word “cable” shows all importance of pound sterling as is hard currencies. The English pound has received the name on a binding to valuable metals - in particular, value of pound sterling equaled to pound of silver of certain test (differently named sterling). The word pound (on latin - libra) is a Roman unit of measure of weight.

The pound sterling by the current moment - the oldest currency, which else is freely used both in transactions with a cash, and in large financial transactions. The pound sterling is popular enough in the financial markets - in it the third position on volumes of reserves and the fourth place on sales volumes. In 1971 the pound sterling became equal to 100 pence, instead of 240, as earlier. It has been connected with introduction decimal systems.“ Old ”pence at the rate equaled 2,4″new”pence. From the nineteenth century beginning on the beginning the twentieth pound sterling was world currency - that is the basic currency of financial reserves. The pound sterling could be absolutely freely exchanged for gold: there was very rigid binding of converting. As you understand, then all world calculations were conducted in a gold equivalent. The important role was played also by that England, actually, was one of the most influential a camp on a world scene. In 1914 for the first time seriously declares itself US dollar. This year it is possible to consider as the beginning of a competition of pair the British pound - US dollar. Pound sterling positions were shaken by refusal of converting in gold. The dollar remained the unique solid currency supporting“ the gold standard ”. Thus, the course gbp-usd the beginnings actively to vary, following a situation on a world scene. In 11 years Great Britain again comes back to the gold standard and carries out a binding of pound sterling to gold, but for this moment the funto-dollar history is already predetermined: the young currency slowly supersedes the old. In 1931 after a panic at a currency stock exchange the dollar definitively fixes the positions by forex broker. A bit later Great Britain is compelled to enter a pound sterling floating rate: otherwise (if England followed earlier established gold standard), a pair exchange the British pound - the US dollar would be too unprofitable for the country budget. In 44 year many countries sign the agreement according to which, the binding of currencies is conducted not to gold, namely to US dollar. As a matter of fact, during this moment the British pound sterling completely loses chance to come out on top in the currency market. In a year of the agreement successfully come into force. Through two Great Britain carries out free converting of pounds in the dollars, suspended during war.

In 1949 the course of pair GBP-USD essentially varies: the pound sterling falls for thirty five percent. Then the chain of falls of a course of the British franc and decrease in the prestige of the auctions on a line the British pound - US dollar followed. Still blow waited the British pound sterling when at a financial stock exchange - Soros - in 92nd year bought up one of the most known players of pounds on 9 million dollars, then has sharply thrown out them on the market, having achieved course decrease, again bought up huge party under the low price - and has sold, using that because of its demand the sterling rate has sharply grown. England as day when the currency has been superseded from frameworks ЕВС on September, 16th have become history. Have not helped neither interventions of the sizes in 15 million dollars, nor sharp increase of interest rates. By the current moment the British pound sterling - the dear currency and the basic transactions with it are conducted on a line gbp-usd. The dollar for some decades has superseded the British currency from the market. Now you can observe similar process with an euro and dollar competition.