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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). Familiarise yourself with British currency with the following traveller information. 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. The pound is generally a stable currency. Following the recent referendum vote to leave the European Union, the UK continues to use the pound, and you can exchange currency as usual.