The difference between pounds and euros

As two major international currencies, the pound sterling and the euro have significant differences in their issuance, circulation areas and exchange rates. First of all, the pound sterling, as the national currency of the United Kingdom, is mainly issued by the Bank of England, and its currency symbol is usually GBP. The birth of the euro is even more unique. Since 2002, the euro has become the single legal currency of the euro area and is uniformly managed by the European Central Bank system. Most countries in the euro area, such as France and Germany, have adopted their national currencies. Convert to euros, but not all EU countries have joined the euro area, such as the United Kingdom and some specific territories still use pounds sterling.

In terms of circulation scope, the circulation of the euro covers most countries in the Eurozone, while the pound is not only circulated in the UK, but is also widely used in its overseas territories. However, the euro is more widely circulated than the pound, and currency conversion between euro area countries is easier.

In terms of exchange rates, as of the writing of the article, 1 pound is exchanged for approximately 8.9888 yuan, while 1 euro is exchanged for 7.6112 yuan, which shows that the exchange rate of pound to yuan is relatively high. It is worth noting that currency exchange rates are affected by market fluctuations and macroeconomic factors, and actual exchange rates may vary.

In short, the pound and the euro have their own characteristics in terms of their respective issuing institutions, circulation areas and exchange values. The choice of which currency to use depends on the specific trading environment and monetary policy.