The pound sign (£) is the symbol for the pound sterling--the currency of the United Kingdom and previously of Great Britain and the Kingdom of England. The same symbol is used for similarly named currencies, such as the Gibraltar pound, the Egyptian pound, the Syrian pound, etc. It is also sometimes used for currencies named lira, for example the now withdrawn Italian lira.
The symbol derives from a capital "L", representing libra, the basic unit of weight in the Roman Empire, which in turn is derived from the Latin word, libra, meaning scales or a balance. The pound became an English unit of weight and in England became defined as the tower pound (equivalent to 350 grams) of fine (pure) silver. According to the Royal Mint Museum:
It is not known for certain when the horizontal line or lines, which indicate an abbreviation, first came to be drawn through the L. However, there is in the Bank of England Museum a cheque dated 7 January 1661 with a clearly discernible £ sign. By the time the Bank was founded in 1694 the £ sign was in common use.
However, the simple letter L, in lower or upper case, was used to represent the pound sterling in printed books and newspapers until well into the 19th century.
The symbol ? (note the double dash at its middle) was called the lira sign in Italy, before the adoption of the euro. It was used (in free variation with £) as an alternative to the more usual L. or Lit. to show prices in lire. It was also used unofficially as the symbol of the Maltese lira instead of the official Lm.
In American English, the term "pound sign" usually refers to the symbol #, and the corresponding telephone key is called the "pound key". In Canadian English the symbols £ and # are both called the pound sign, but the # is also referred to as the "number sign" and the "noughts-and-crosses board".
In the Unicode standard, the symbol £ is called "pound sign" and the symbol ? "lira sign". These have respective code points:
Some fonts render the pound sign with a double bar (for example on a previous version of the British five pound note); this is simply a different glyph, and the underlying character (and therefore Unicode codepoint) is still a pound sign, and not a lira sign.
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Typewriters produced for the British market included a "£" sign from the earliest days, though its position varied widely. A 1921 advertisement for an Imperial Typewriters model D, for example shows a machine with two modifier shifts (CAPS and FIG), with the "£" sign occupying the FIG shift position on the key for letter "B". But the advertisement notes that "We make special keyboards containing symbols, fractions, signs, etc., for the peculiar needs of Engineers, Builders, Architects, Chemists, Scientists, etc., or any staple trade."
On Latin-alphabet typewriters lacking a "£" symbol type element, a reasonable approximation could be made by typing an "f" over an "L".
In the punched card era, equipment sold for commercial data processing in the UK needed not only to represent the pound sign, but also to handle pre-decimal currency (pounds, shillings, and pence, including halfpennies and farthings). Encodings for the necessary symbols varied by manufacturer. By the time of decimalisation in 1971, national variants of character codes were already well established and naturally found their way into early computers.
In the computer age, prior to the introduction of 8-bit character sets in the early 1980s, the most common character code in use in the UK was the UK national variant of ISO 646, standardised as BS 4730. This code was identical to ASCII except by the substitution of two characters: x23 became "£" in place of "#", while x7E became "?" in place of "~". Keyboards (then as now) were manufactured with different key engravings for different national markets; and printers were manufactured to support a variety of national variants of ISO 646, selectable by hardware or software configuration options.
The 1980s saw the gradual adoption of 8-bit character sets designed to meet the needs of all Western European languages in a single character set: ISO/IEC 8859-1 was standardised in 1985, based on the character code used in the popular Digital Equipment Corporation VT220 terminal. This code had "£" in position xA3 (which is where it remains in Unicode). The IBM PC originally used a non-standard 8-bit character set Code page 437 in which the "£" character was encoded as x9C; adoption of ISO character codes only came later with Microsoft Windows (introduced under the misnomer "ANSI", because it was ANSI that published international standards in the United States).
Other early personal computers also adopted their own solutions. The Commodore 64 computer included a dedicated key for the pound sign (to the right of the number row). The BBC Micro used a variant of ASCII that replaced the backtick ("`", character 96, hex 60) with the pound sign, denoted as CHR$96 or (hex) CHR$&60. Since the BBC Micro used a Teletext mode as standard, this means that the pound sign is in the 7-bit ASCII variant used on Teletext systems such as Ceefax, ORACLE and Teletext Ltd as well.
On a US-International keyboard in Windows, the "£" can be entered using:
On a US-International keyboard in Linux and Unix, the "£" can be entered using:
In Windows, it can also be generated through the Alt keycodes:
On UK Apple Mac keyboards, this is reversed, with the "£" symbol on the number 3 key, typed using:
The compose key sequence is:
In the 1980s, the two main standards for the print codes for a pound sign were ASCII 186 for the HP Laserjet and ASCII 156 for most other printers including the IBM Quietwriter and Epson dot matrix printers. In order to print a pound sign, each word processor needed to be set up individually to print the sign for a particular printer. For many word processors a terminate and stay resident program (TSR) was needed to convert the code generated by the package into the right code for the printer. Packages such as WordPerfect had utilities to set up this conversion without needing a TSR.
Until 2017 the logo of the UK Independence Party, a British political party, was based on the pound sign, symbolising the party's opposition to adoption of the Euro and to the European Union generally.