For anybody here who knows anything about this, can you tell me if it's possible to use the faucets to acquire bitcoins, then sell them?
Example: I get 1 bitcoin, I go onto an exchange site and sell it and receive £180.
No you can't acquire bitcoins from faucets. You can have bitcoins from those gratis. But you will need all your whole life to make a bitcoin from not only one but from all over the faucet of this world. Then, after you will have your 1 bitcoin from faucets you can do everything with it. Save it in a wallet and wait that the price go 20 000 us dollar one bitcoin and then change that bitcoin in every exchange that accept it (and are to many) or change immediately with your big 180 paund price and enjoy that money. Yours the choice!