And why 'oz' is shorthand for 'ounce.' ...

interest rate cuts and thereby drive the Euro lower. As for the Pound, market-moving data is in short supply. The Confederation of British industry’s (CBI) latest distributive trades survey ...

This is because its original value was equivalent to a pound of silver. georgeclerk via Getty Images Interestingly, the symbol of a British pound (£) is also related to the word libra ...