Sorry to be late to reply.
It seems to be the product issue of IIS 7 UI. I am going to investigate more for the issue.
You can update applicationhost.config directly as work-around.
Or, if you have installed the configuration editor, which is one of the IIS Admin Pack features, you can set the GB£.com string with it.
1. Open Inetmgr.exe
2. Select Server tree
3. Double-click "Configuration Editor" icon of the middle pane window
4. Type "system.applicationHost/sites" onto "Section:" dropdown control
5. Expand "(collection)" property by clicking "..." button which is by the property
6. Select the target site item
7. Expand "bindings" property by clicking "..." button which is by the property
8. Update the binding information to "*:80:GB£.com" from "*:80:"
9. Close all the collection edior dialog and click "Apply" task which is under the Configuration Editor's Actions group.