About the currency
Pound sterling is the currency of the United Kingdom, identified by the code GBP. The Bank of England conducts monetary policy. Its decisions on Bank Rate affect borrowing costs and can change demand for sterling on international currency markets.
The pound to hryvnia rate combines movements in GBP abroad with conditions in Ukraine’s currency market. British inflation, economic activity, interest rate expectations and NBU policy are relevant factors. People in Ukraine buy pounds for travel, education and services in the United Kingdom. If an exchange office handles GBP less often than dollars or euros, check cash availability and the buy-sell spread in advance.
