Share price - General Discussion, page-2698

What is GBX on London Stock Exchange?

The penny sterling or penny (symbol: p; plural: pence) is a subdivision of pound sterling, the currency for the United Kingdom. ... Stock exchanges often use GBX (or GBp) to indicate that this is the case for the given stock rather than the ISO 4217 currency symbol GBP for pound sterling.

Why are LSE stocks quoted in pence?

Why are stocks in the UK often priced in pence instead of pounds? ... Remember that only in 1971, the Pound Sterling was decimalised and henceforth had 100 (new) pence as sub-unit. Before that a Pound was 20 shillings, each of which were 12 (old) pence, so one pound was equaling 240 pence.