British money from Scottish city, reportedly (8)

I believe the answer is:

sterling

I'm a little stuck... Click here to teach me more about this clue!

'british money' is the definition.
(I've seen this before)

'from scottish city reportedly' is the wordplay.
I cannot quite see how this works, but
'from' could be 'in' (I've seen this in other clues) and 'in' is located in the answer.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for sterling that I've seen before include "Genuine - money" , "UK money" , "Excellent - British money" , "British coinage" , "Ringlets being of solid worth" .)

I've seen this clue in The Daily Express.

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