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It is 4/100, which can be simplified but it can be worth waiting to see if there are other fractions of a pound to be added or subtracted.
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Related questions
What fraction of a pound is 10 pence?
10 pence is one tenth of a pound.
What fraction of one pound is five pence?
There are 100 pence in one pound. Therefore, 5 pence is equal to 5/100 or 1/20 of a pound.
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What fraction of one pound is one hundred and twenty pence?
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What fraction of one pound is seventy five pence?
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What fraction of one pound is thirteen pence?
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How many pence are in 0.04 Pounds Sterling?
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