The pound is the official currency of Britain. After the adoption of the euro, the pound became the oldest currency still in use. China ranks third in the world's foreign exchange reserves, second only to the US dollar and the euro. The pound is the fourth largest foreign exchange trading currency after the dollar, the euro and the yen.

Although there is no fixed exchange rate between the pound and the euro, there is often a long-term synchronous trend between the pound and the euro, although this trend has weakened since mid-2006. Concerns about inflation led the Bank of England to adjust interest rates in the second half of 2006 and early 2007, and the price of the pound against the euro reached the highest level since June 2003, 65438+ 10.