Money & Currency in London

The UK uses the pound sterling (£/GBP). Here's the practical guide to handling money as a visitor.

Card vs Cash

London is overwhelmingly card-based — contactless payment is accepted almost everywhere, including on all public transport. Cash is genuinely rarely needed except at some markets and smaller independent traders.

Exchange Rates & Fees

Avoid airport currency exchange counters — rates are consistently the worst available. If you need cash, withdraw from a bank ATM rather than exchanging currency, and check your card's foreign transaction fees before travelling.

Tipping

See our dedicated tipping guide — the short version: 10-15% in restaurants if service isn't already included, optional elsewhere.

Tips

• A contactless card or phone with no foreign transaction fees covers almost everything you need.
• Avoid airport currency exchange — use a bank ATM instead if you need cash.
• Markets and small independent shops are the main places cash still helps.