The currency used in London is the Pound Sterling. London is the capital of United Kingdom. If you are traveling to London, you will need to exchange your currency for the British Pound. You may exchange your money for the Pound Sterling at most London banks or at specialized stores called Foreign Exchange Bureaus.
v. t. e. The pound sterling (symbol: £; ISO code: GBP ), known in some contexts as the British pound, the pound, or sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
One British pound (£) is made up of 100 pence (p). Coin denominations are as follows: 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2. Notes are available in £5, £10, £20 and £50 denominations, each one with their own distinct color. All British currency features an image of the Queen's head on one side.
Here are a few tips to consider when exchanging currency in London. The pound’s value changes over time The Great Britain Pound (GBP, also known as pound sterling) has a floating exchange rate¹, just like many major and widely traded currencies. This means that its value is determined by current supply and demand and will fluctuate over time.
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