As of 06/04/13, £3.29
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It is parts per 100, of a pound.
There are 100 pence in a Pound (GBP). There were 240 pence in a pre-decimal Pound. (12 Pence in a Shilling, 20 Shillings in a Pound.) Or use the currency converter in related links.
100 although 100 cent = 1 dollar 100 pence = 1 pound
100x1p coins make a pound..
There are 100 pennies in one pound. Therefore, there are 44/100 x 100 = 44 pence in 44/100 pounds.