What is Guernsey-Pounds in Forex Trading?

Pound is currency of Guernsey since 1921 its union with the United Kingdom with code GGP. The Guernsey-pounds is not distinct currency but its limited issue of banknotes the similar way banknotes issued in North Ireland, England and Scotland. Until the 19^th century, Guernsey used French currency. After the First World War, the value of French currency relatively began to fall, this caused the Guernsey to adopt pound equals to pound sterling in 1921. The banknotes of £1, £5, £10, £20, £50 and coins of 1p, 2p, 5p, 10p, 20p, 50p, £2 are under circulation in Guernsey economy.