One of the mysteries of the English language finally explained.
What is the origin of the pound sign (£)?
This sign is simply a capital letter L, written in an old-fashioned handwriting style and with one or two crossbars to show that it is being used as a symbol or abbreviation. The L stands for the Latin word libra, the name of a Roman unit of weight, which also gave rise to the abbreviation lb for a pound as a measure of weight, and to the French word livre. The symbol for the Japanese yen was probably invented by analogy with the pound and dollar symbols, as it is a capital Y with one or two bars across it.
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