Newbie question about UK share price

[ipoppy]

Hi,
You can laugh if you like it but I got to ask that question.
What is real price of Barclays (BARC.L) share at this moment on LSE. It says 320.60 p but when I bought it 10 of them on my virtual portfolio it charged me £32.06 Is that "p" mean pence? Why price cannot be reflect in GBP as it is in $ in US?
I know its very basic question but I couldn't find any answer for this on net. Oh well what is the newbie forum for.

 

[thos]

Price in London is not GBP but GBX i.e.pence. That is because the traditional nominal price for a share was five shillings. Most UK shares are between 5 and 1000 pence.

 

[ipoppy]

Price in London is not GBP but GBX i.e.pence. That is because the traditional nominal price for a share was five shillings. Most UK shares are between 5 and 1000 pence.

Thanks

 

[theSheik]

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[ipoppy]

hahahahaahahahahahahahahahahhaahaahahahaahhahahahahahaaaaaaaaaaaaaahahahhahahaaaaaaa

I wonder if you knew answer to that question when you have started trading. As much as that answer indicating your intelectual level which really does not fit in here.