Use of the letter L for pound derives from medieval Latin documents: "L" was the abbreviation for libra, the Roman pound (weight), which in time became an English unit of weight defined as the tower pound.
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The pound is the official currency of the United Kingdom of Great Britain and Northern Ireland. The pound sterling is the fourth most-traded currency in the foreign exchange market.
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The meaning of POUND is any of various units of mass and weight; specifically : a unit now in general use among English-speaking peoples equal to 16 avoirdupois ounces or 7000 grains or 0.4536 kilogram.
The pound is the main unit of sterling, and the word pound is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the...
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