If you are coming to the UK to study, one of the many things to remember is exchanging your money into British currency. Many students have said that they have found British money confusing so it might help you to know what to expect before you travel.
Money in the UK is referred to as pound sterling or GBP. It is available in £50, £20, £10 and £5 notes and the £2, £1, 50p, 20p, 10p, 5p, 2p and 1p coins. You will soon come to recognise the value of each one due to their different colours, sizes and shapes. The most useful ones to travellers are the £20, £10 and £5 notes. One of the main issues our students have faced are trying to use £50 notes in shops. Many smaller UK shops don’t accept these notes which can be very confusing! We advise, when exchanging your money, to choose smaller notes to avoid this situation.