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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 is generally a stable currency. You can find the current exchange rates at www.postoffice.co.uk. There are numerous bureaux de change in London â often located inside banks, travel agents or Post Offices, as well as at London's airports and major train stations.oney Talks: Speak Like a Londoner. You 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.