What does this mean? £0.01?

Question

The E thing. Like does that mean it is 1 cent ??

Answer 1

That symbol is for British pound sterlings (or just pounds), their monetary unit. Since it's 0.01, it means 1 penny, or 1p.

The first number before the decimal is pounds, the numbers after the decimal are pence (plural for penny).

Answer 2

e is for is for euro thats united kingdom money 0.01 is about .02 cents in  US

Answer 3

I do not think it means anything.

The English pound was made up of shillings and pence.

12 pence = 1 shilling

20 shillings = 1 pound.

The  money in question is written in decimals which did not apply to the English pound.