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.
The UK generally imports more than it exports. It tends to run a budget deficit.3
About the UK
GDP1
$688
Billion
USD
Major Exports2
Motor Vehicle Parts
Electric Batteries
Major Export Partners2
Germany
Czechia
France
Budget Deficit3
-3.7%
Trade Flows5
-€10.4
Billion
EUR
Pros and Cons of the British Pound Sterling
- One of the world’s oldest and strongest reserve currencies5
- Backed by a major, diversified economy6
- Independent, credible monetary policy7
- Sensitive to political and policy uncertainty8
- Current account deficit pressure9
- Not as dominant as the U.S. dollar or euro5
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;?continent=g20
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://data.imf.org/en/datasets/IMF.STA:COFER
6. https://www.ons.gov.uk/economy
7. https://www.bankofengland.co.uk/monetary-policy
8. https://blog.e8markets.com/article/gbp-under-pressure-political-uncertainty-and-geopolitical-risks-drive-sterling-lower-in-march-2026
9. https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments
How to Buy the British Pound Sterling
Currency CD
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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