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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 pound sterling (GBP; Â£ or â¤) is the official currency used in the United Kingdom. It is also used in British overseas territories, Isle of Man, Bailiwicks of Guernsey and Jersey.The pound is divided into 100 pence.he pound sterling (GBP; Â£ or â¤) is the official currency used in the United Kingdom. It is also used in British overseas territories, Isle of Man, Bailiwicks of Guernsey and Jersey.