Using the $dollar sign in hardcodes mask format (after all, Oracle is an American corporation). Other currencies are determined by the setting for NLS_TERRITORY. Use Cto see the abbreviation of the ISO currency (UKP) and Lfor the symbol (£).
SQL> select to_char(sal, 'C999,999.00') as ISO
2 , to_char(sal, 'L999,999.00') as symbol from emp
3 /
ISO SYMBOL
------------------ ---------------------
GBP3,500.00 £3,500.00
GBP3,750.00 £3,750.00
...
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