What's the u prefix in a python string

Posted by Oscar Reyes on Stack Overflow See other posts from Stack Overflow or by Oscar Reyes
Published on 2010-03-17T18:43:20Z Indexed on 2010/03/17 18:51 UTC
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u'Hello' 

My guess is that it indicates "unicode", is it correct?

If so, since when is it available?

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