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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.
Culture Corner. Currency. England's currency is the British Pound (Â£) which is divided into 100 pence. Coins come in copper 1p and 2p, the 5p, 10p, 20p, and 50p are silver, the Â£1 is gold in color, and the Â£2 coins are silver with a gold-colored rim. Bank notes come in denominations of Â£5, Â£10, Â£20, and Â£50.