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And therefore, higher money was created reckoned inside the “pounds of sterlings,” a term after shortened to help you “lbs sterling.” Pursuing the Norman Conquest the new lb try divided to own bookkeeping aim to your 20 shillings and you can to your 240 pennies, or pence. The newest pound sign (£) arises from the new Latin word “libra,” a great unit out of weight. Because the worldwide economy continues to transform, the newest character and need for the british pound indication can also progress, however, their condition since the an iconic symbol in the wonderful world of financing tends to are still for many years.