Does London Use Pounds or Euros?

By Alice Nichols

If you’re planning a trip to London, you may be wondering what currency to bring. The answer is simple: London uses the Great British Pound (£) as its official currency. The Euro (€) is not accepted as legal tender in London, though it may be accepted by some businesses that cater to tourists.

What is the Great British Pound?
The Great British Pound, also known as the pound sterling, is the official currency of the United Kingdom. It has been used in various forms for over a thousand years and is one of the oldest currencies in existence. One pound sterling is divided into 100 pence.

History of the Great British Pound
The origins of the pound sterling can be traced back to Anglo-Saxon times when silver coins were used as currency. In 1489, King Henry VII introduced a new gold coin called the sovereign, which became the standard form of currency for centuries.

In 1694, the Bank of England was established and began issuing paper money backed by gold reserves. The pound continued to evolve over time with decimalisation in 1971 when it became divided into 100 pence instead of 240 pennies.

Using Pounds in London
When visiting London, it’s important to have pounds on hand for purchases such as food, transportation, and souvenirs. Currency exchange desks can be found at airports and other tourist areas throughout London.

It’s also worth noting that some businesses may only accept cash and not credit cards or foreign currencies. Therefore, it’s a good idea to have some cash on hand during your trip.

ATMs in London
Another option for obtaining pounds in London is through ATMs (automatic teller machines). ATMs can be found throughout London and usually offer competitive exchange rates compared to currency exchange desks.

However, it’s important to check with your bank beforehand to find out if any fees apply for using foreign ATMs. Additionally, ATMs may have withdrawal limits, so it’s a good idea to plan accordingly.

Conclusion
In conclusion, London uses the Great British Pound as its official currency. It’s important to have pounds on hand when visiting London for purchases and some businesses may only accept cash.

ATMs are a convenient option for obtaining pounds but be aware of any fees and withdrawal limits that may apply. With this information in mind, you can be prepared for your trip to London and enjoy all that this vibrant city has to offer.

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