British Pound Sterling
Founded in 1694, the Bank of England is the second-oldest central bank of those we cover. Its currency – the British pound (GBP) – is the oldest existing currency.1
The UK generally imports more than it exports. It tends to run a budget deficit.2 It has the seventh highest labor force participation rate3 in the world.
| GDP4 | $688 Billion USD |
| Major Exports5 | Motor vehicle parts, electric batteries, seats |
| Major Export Partners5 | Germany, Czechia, France |
| Budget Deficit6 | -3.7% |
| Trade Flows7 | -10.4 billion EUR |
1. https://www.globalexchange.hk/en/currencies-of-the-world/british-pound
2. https://tradingeconomics.com/united-kingdom/government-budget
3. https://tradingeconomics.com/country-list/labor-force-participation-rate?continent=world
4. https://data.worldbank.org/indicator/NY.GDP.MKTP.CD
6. https://tradingeconomics.com/country-list/government-budget?continent=world
7. https://tradingeconomics.com/country-list/balance-of-trade
8. https://www.bis.org/statistics/rpfx22_fx.pdf
9. https://tradingeconomics.com/country-list/current-account-to-gdp
The Benefits of the British Pound Sterling
Suffered from high inflation
Lowest current account to GDP9
Second largest budget deficit10
How to Buy the British Pound Sterling
Currency CD
Most Popular
Term
APY
3 Month
1.76%
6 Month
1.76%
9 Month
1.76%
12 Month
1.76%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
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British Pound Sterling
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