osbornjerrycurrency of london
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Enhanced PromptBritish Pound Sterling, official currency of the United Kingdom, widely accepted globally, subdivided into 100 pence, coins include £1, £2, 50p, 20p, 10p, 5p, 2p, 1p, banknotes feature portraits of notable British figures, paper money includes £50, £20, £10, £5, £2, £1, polymer notes introduced in 2016, digital payments increasingly popular, cash usage declining, pound sterling exchange rates fluctuate based on economic indicators, widely traded on foreign exchange markets, monetary policy set by Bank of England, inflation targeting framework aims to keep prices stable, interest rates influence borrowing costs, central bank governor plays key role in shaping UK economy, pound sterling has been pegged to gold standard, floated in 1971, eurozone membership rejected in 2003 referendum, Brexit negotiations impacted currency value, ongoing relationships with EU countries affect trade and exchange rates.
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