The currency in England is the pound sterling. The sign for the pound is £.
GBP = Great British Pound (£)
They do not use the Euro. Although a few of the big shops will accept Euro, it is rarely used across Britain.
The pound (£) is made up of 100 pence (p) exactly like the dollar is split into 100 cents.
The singular of pence is "penny". The symbol for the penny is "p"; hence an amount such as 50p is often pronounced "fifty pee" rather than "fifty pence".
They have both coins and banknotes.