London time now refers to the current time in London, United Kingdom. London is in the Greenwich Mean Time (GMT) zone, which is also known as Coordinated Universal Time (UTC). GMT/UTC is the basis for civil timekeeping around the world. It is the standard time for most of Western and Central Europe, and many other countries and territories.
London time is important for several reasons. First, it is the financial center of the world, and the London Stock Exchange is one of the largest and most important stock exchanges in the world. Second, London is a major tourist destination, and many people from around the world visit London each year. Third, London is home to many international organizations, such as the United Nations and the European Union. Knowing the current time in London is important for people who do business with London or who are planning to visit London.