What is a GBX currency?

When you see stocks traded on the London Stock Exchange, the prices are listed in GBX. One GBX is one pence - i.e. 1/100th of a pound (GBP). Most stocks are only worth a few pounds, so it makes sense to use a smaller currency unit.

Are UK companies listed in GBX?

Most UK companies listed on the London Stock Exchange are listed in GBX. For instance, should a company be listed for 1,150 GBX, each share is actually worth £11.50. Dividends can also be paid out in GBX. It’s easy to work out GBP using GBX and vice versa.

Why are UK stock prices quoted like GBX?

GBX represents a form of currency. While GBP refers to Great British pounds, GBX refers to 1/100th of a pound or one penny. Why are UK stock prices quoted like this? There is no official explanation from the London Stock Exchange on its reasoning behind quoting UK stock prices in this way. However, there are a number of plausible explanations.

What is the difference between GBX and pence?

The sums can split into smaller values than pence too. For example, it’s possible for the price of a stock to be ‘GBX 400.5’. This would cost you £4 and half a penny to buy one share. What is GBX? GBX represents a form of currency. While GBP refers to Great British pounds, GBX refers to 1/100th of a pound or one penny.