A2(symbol£)the standard unit of money used in the UK and some other countries: a one-pound/two-pound coinThere are one hundred pence in a pound.They stole jewellery valued at £50,000 (= 50,000 pounds)."Have you got any change?" "Sorry, I've only got a five-pound note.British moneythe pound(symbol£)›the value of the UK pound, used in comparing the values of different types of money from around the world: The devaluation of the pound will make British goods more competitive abroad.On the foreign exchanges the pound rose two cents against the dollar to $1.52.British money