Uk Share Prices

The monetary unit "GBX" is used in the UK stock market. For example, the price of British Telecom. (BT) share is equal to '268 GBX. The question is: Is this 1 = 1 GBX penny? or maybe 10 cents? or value of real action on the market, it is something else?

1 pound sterling (GBP) is equal to 100 pence sterling (GBX). Therefore, if British Telecom sells 268 GBX, it sells at £ 2.68. If a book is the British equivalent of the U.S. dollar (of course, the exchange rate is different) and a pence is the British equivalent of the U.S. penny.

It is the exchange rate.