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Quick Answer. About.com reports that the legal currency in London is the pound sterling. The official London visitor's site notes that despite being a member of the European Union, the United Kingdom does not use the Euro as standard currency. Continue Reading.
The UK's currency is the pound sterling (Â£ / GBP). Despite being a member of the European Union, the UK has not adopted the euro. There are 100 pence (p) to the pound (Â£). Notes come in denominations of Â£5, Â£10, Â£20 and Â£50.Coins come in 1p, 2p, 5p, 10p, 20p, 50p, Â£1 and Â£2.ou will usually hear British people say pee rather than pence, as in 50p (50 pee). More colloquially, a pound is known as a quid, a five pound note is a fiver and a ten pound note a tenner.