| − | The '''pound sterling''', more commonly simply the "pound," is the official currency of the [[United Kingdom]]. While formerly divided into shillings and pence, in the 1960s the pound was decimalized, 100 pence to the pound. | + | The '''pound sterling''', more commonly simply the "pound," is the official currency of the [[United Kingdom]]. While formerly divided into 20 shillings or 240 pence, in the 1960s the pound was decimalized, 100 pence to the pound. |