New €5, €10 and €20 notes are already in circulation. What does the new £50 banknote look like? The new-style £50 note is the same size and red colour as the note it replaces, but with enhanced security and design features. The new version will be made of plastic rather than paper, like the current £5 and £10. 7. A close look under a magnifying glass at the lettering beneath the Queen's portrait on the new-style £50 note shows the value of the note written in small letters and numbers. The European Central Bank plans to issue revamped €100 and €200 notes in late 2018. Police Scotland has issued a warning to members of the public after coming across a number of counterfeit notes. Use a magnifying glass to look closely at the lettering beneath the Queen’s portrait. Ultra-violet feature The Bank of England has said we won't be seeing the new £50 note before 2020. On a genuine note, decorative swirls spell out the value of the note in small letters and numerals. 8. To use the new €50 note on your next European trip, you can order your euros online. For denominations $2, $5, $10, $20, $50, and $100, the note position letter and number indicates in which position on a plate a note was printed. But if you do get hold of one of the new £50 notes, it is worth taking a closer look. If you have a £50 note anywhere check it now: if the face that features on it is Sir John Houblon then you only have until Wednesday to spend it. Each euro banknote depicts bridges and arches/doorways in a different historical European style; the €50 note shows the Renaissance era (15th and 16th centuries). The fifty euro note is the fourth smallest note, measuring 140 millimetres (5.5 in) × 77 millimetres (3.0 in), with an orange colour scheme. It is a combination of one letter and one number and can be found on the front of the note. The paper £20 and £50 notes also have bright red and green flecks randomly spread over the front and back of the note. 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