The UK unit of currency is the pound sterling (£). In London we often call one pound (£1) a "quid" and sometimes a "nicker".
CoinsOne pound is made up of 100 pence (p). Coin denominations are:
NotesThe notes available are:
If you have a £50 note do make sure it is the newest design as the Houblon £50 note stopped being legal tender on 30 April 2014.
Have at look at the Photographs of UK Money to familiarize yourself before your vacation.
What about Euros?
A lot of European countries have changed their currency to the Euro, but the UK has not yet joined. There is a lot of speculation about if and when we ever will join, but that's another story. Many of London's larger retailers will accept the Euro as an alternative currency and their goods are priced in both pounds and Euros.
Scottish notes are not officially 'legal tender' in England but this does not mean you can't use them to pay for goods here. The Bank of England regulates the issue of Scottish and Irish banknotes and although shopkeepers may look at the notes more carefully, once they recognize them they are usually accepted. If you have any problems, simply exchange them (at no cost) at any High Street bank.
Northern Irish Pounds
Northern Ireland still uses pounds sterling, while southern Ireland has moved to Euros. Northern Irish pounds are accepted in England but you will rarely see them. Find out more about Irish currency issues.