In a nation where money is counted in pounds and pence, the measure of coins is given great weight — and a lavish ceremony.

For some questions you may need to convert between pounds and pence. £1 = 100p. That means that when we convert from pounds to pence we x by 100 and when we convert from pence to pounds we ÷ by 100.

Sterling is about 0.5% stronger versus the single european currency, which is worth a little over 83 pence. Strategist Ven Ram says the pair’s diverging trajectory is likely to continue as the UK ...