British holidaymakers and shoppers were dealt a severe blow yesterday as the pound tumbled to a 10-month low and experts warned that sterling was “staring into the abyss”. Read more >>
If something takes a battering, it suffers very badly as a result of a particular event or action. • The Republican presidential candidate took a battering from his sharper, leaner Democrat rival Barack Obama in their second TV debate.
The pound sign ("£" or "₤") is the symbol for the pound sterling—the currency of the United Kingdom (UK). The same symbol is (or was) used for similarly named currencies in some other countries and territories, such as the Irish pound and Gibraltar pound; there are other countries whose currency is called "the pound", but that do not use the £ symbol. The symbol derives from capital "L", standing for libra, the basic Roman unit of weight, which is in turn derived from the Latin word for scales or a balance. The pound became a British unit of weight, and the pound currency unit was so named because it was originally the value of 1 pound Tower Weight (326 g) of fine (pure) silver. In English-language use, the pound sign is placed before the number (i.e. "£12 000" and not "12 000£"), and separated from the following number by no space or a thin space. [Source: Wikipedia]