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And this, higher money was born reckoned in the “weight of sterlings,” a term later on shortened to “lbs sterling.” Following the Norman Conquest the new pound try split to possess accounting motives to your 20 shillings and you may to your 240 pennies, otherwise pence. The brand new lb signal (£) comes from the fresh Latin term “libra,” a great tool from lbs. Since the around the world discount will continue to alter, the new character and dependence on british pound sign can also develop, however, their position because the a legendary symbol in the wide world of fund tends to remain for many years.