Pence in the pound

I’ve just watched the news tonight, and apparently today the Bank of England dropped the base interest rate to “one and half pence in the pound.”

I’m totally shocked — for comparison that’s the same as it dropping to one and a half cents in the dollar, or one and a half chetrum in the ngultrum, or 0.195 buns in the baker’s dozen.

If was measuring anything else but money, of course, it would be 1.5%.