These guys are all winding you up. (Joking with you)
A quid is metric and a pound is Imperial.
A quid (coming for the French word Quad (meaning 4) is actually 4 times the rate of a pound)
So 1 pound = 4 quids
A "Bob" is an insult. If you really want to insult someone in England you say "Bobs your uncle" Which means
Mob Monkhouse is related to you. Which is a really bad insult
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