Not really.
But as it seems, the encoding is wrong - maybe check the language (translation) file.
Which template are you using, and which OpenCart Version exactly?
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You define the currency symbols in the Currency setting: System > Locales > Currencies
Guess you have made the error there (hit another button on your keyboard) - edit the value in the field, save and try again.
Guess you have made the error there (hit another button on your keyboard) - edit the value in the field, save and try again.
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You should check your database (MySQL) encoding (collation).
Best would be utf8mb4_general_ci, 2nd = utf8_general_ci
Nothing without utf8 - which I guess is the reason for that (old settings have mostly a latin_* collation which can be the reason for such).
btw: which php-version and MySQL-Version are you using?
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In HTML the £ sign should be £
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If the database collation is set correct, it can be £ or £ - does no matter, working with such since many years without any troubles.
And here the field is a simple text input field, no HTML.
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