I'm not from England but maybe I can help.
England uses pounds - just like we use dollars. The pound is divided into 100 pennies just like our dollar.
What may be confusing you in part is the slang. We have "green backs" or "bucks". They have "quids".
Another thing that can add confusion is that before 1971, the pound was not based on 100 pennies per pound (a decimal system); there were 240 pennies in the pound. Here's the old money system:
There were twenty (20) shillings per pound
12 pennies per shilling
There were also partial pennies:
halfpennies (2 per penny) or farthings (4 per penny)
There were also thrupeece (worth 3 pennies)
the sixpence (6 pennies)
the florin (2 shilling)
as well as others - the crown, half crown, florin, guinea to name a few.
Is it any wonder they converted to a decimal system?
at 12:39 AM on Apr. 27, 2009