Penny sterling(Redirected from New pence)
This article does not cite any sources. (December 2009) (Learn how and when to remove this template message)
The penny sterling (symbol: p; plural: pence) 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. Stock exchanges often use GBX (or GBp) to indicate that this is the case for the given stock rather than the ISO 4217 currency symbol GBP for pound sterling.
Old pence sterling
|Subunit of Pound sterling
|This article about a unit of currency is a stub. You can help Wikipedia by expanding it.|
|This United Kingdom-related article is a stub. You can help Wikipedia by expanding it.|