Far be it for me to cause further dissension between Glasgow and Edinburgh and to speak ill of the dead, but if Donald Dewar made a mistake about the location of the building it was that he should have chosen Glasgow, as it is the biggest city in Scotland.
The pound sterling (symbol: Â£ ; ISO code: GBP), commonly known simply as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny).s the central bank of the United Kingdom which has been delegated authority by the government, the Bank of England sets the monetary policy for the British pound by controlling the amount of money in circulation.
What is the monetary unit of UK? England, Scotland, Wales and N.Ireland all use Pounds(Sterling) and pence. Scotland issue their own bank notes, with different designs than the English notes, but are equivaâ¦lent in value. All UK money, notes and coins, have the Monarchs head on 1 side..currently Queen Elizabeth II.