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These integrated Hong-kong from 1863 in order to 1866; Cyprus of 1955 up to 1960 (and continued for the area while the department of one’s Cypriot pound up to 1983); plus the Palestine Mandate away from 1926 until 1948. However, sterling is decimalised in different Uk colonial areas through to the Joined Kingdom (plus numerous instances prior to William Brown’s proposition you to definitely the newest lb end up being split up into step one,000 parts, called mils). Up until decimalisation, numbers inside sterling was indicated inside lbs, shillings, and pence, with assorted widely realized notations. In summer 1966, to your property value the brand new lb falling regarding the stock game, exchange controls have been tightened by the Wilson government. Within the 1961, 1964, and you may 1966, sterling came below renewed stress, as the investors was attempting to sell weight for cash.

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