Hi,
Type and select the string "£" in an html document
Hit cmd-shift-& and choose "Convert to named entity"
expected: british pounds sterling symbol obtained: ampersand (&)
reference: http://www.w3.org/TR/WD-entities-961125
<!ENTITY pound CDATA "£" -- pound sterling sign -->
<!ENTITY amp CDATA "&" -- ampersand, U0026 ISOnum -->