Lehrer failed to foresee that Brits would continue to use the term "pence" and not "cents" after decimalization. I don't think I've ever heard British people call their money "cents." In fact, the letter "p"—pronounced "pee"—which is obviously an abbreviation for "pence"—is even more common than "pence." For instance, a price might be written as 85p or spoken as "eighty-five pee." Am I right in thinking this usage arose only after decimalization?

Lehrer, however, uses terms "pence" and "cents" to distinguish between what the Brits would call "old pence" and "new pence."

I do believe, however, that "cent" is the usual term for one-hundredth of a Euro.