Wales, Scotland, as well as Northern Ireland, utilise the currency. It is not new; these countries have been accepting the pounds beyond eleven centuries. There are two smaller regions off the border of the southern part of England allows the British pounds. The United Kingdom is the other. There are islands, the Isle Of Man and the Channel Islands. Despite these islands which they function as if they are separated from the United Kingdom, they remain a part of it. They are dependent on their laws and their safety. The British oversee regions of South Georgia and the islands known as the South Sandwich Islands are also using the pounds currency.Following the historic United Kingdom unanimous voting to leave the European Union, the British pound endured one of its hardest-hit declinings ever in history. The pounds plunged to a 30-year low. Due to this catastrophe, more than $2.5 trillion was obliterated from global equity worth in the days that accompanied the outcome. The British money is not new to turbulence. Things have been rather tough through their 1,200-years existence. Today, through all the ups and downs, the currency remains to be fourth most traded globally. The British pound has its beginnings in continental Europe under the Roman period. The name originated from the Latin word, "pounds" which is translated into the meaning weight.The central bank system is frequently referred to as a factor that affects exchange rates. These financial organisations can be a source in devaluing or amplifying the money used by their authority through regulations to control the currency supply, interest rates, and deficit financing.