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It also set British interest rates using their Monetary Plan Committee (MPC), individually impacting the worth of the brand new pound against most other currencies. The brand new pound is one of the community’s oldest currencies however inside the energetic explore, having root tracing to Anglo-Saxon England more 1,200 years back. The state label of one’s money try lb sterling — this is why your could see the two words utilized interchangeably in news reports, trading programs and you may lender comments. With her, GBP and you will 826 uniquely select the brand new currency international, blocking misunderstandings to the Egyptian pound (EGP), Syrian pound (SYP) or other sterling-titled currencies. The new ISO 4217 numeric code to own lb sterling try 826.