The currency used in the United Kingdom is the pound sterling (£), often abbreviated to GBP. One pound is made up of 100 pence, represented by the symbol "p". The pound sterling is the oldest currency in continuous use and is the fourth most traded currency in the foreign exchange market. Banknotes are available in £5, £10, £20, £50, and £100, while coins are circulated as 1p, 2p, 5p, 10p, 20p, 50p, £1, and £2. Contactless payment cards are widely used in the UK, and many businesses accept mobile payments.