looked around for a while before I asked but I seem to find a lot of how to\'s on email and currency conversion using regex but nothing on just multiplying a number with a set v
Regexes, at their core, are intended for matching strings, and in some software libraries for replacing strings with others and similar string processing, but not for doing math. You need to store the value you capture using a regex into a numerical type and do the multiplication on that, then format the result as a string again if needed.
In python 2.7:
import re
exchangeRate = 165.42 / 127.25
numString = re.match('(\d+.\d\d)GBP', '127.25GBP').group(1)
num = float(numString)
numConverted = num * exchangeRate
numConvertedFormatted = "%.2f" % numConverted
If you're doing serious currency calculations, I'd advise for using fixed-point int (or in case of Python decimal) instead of float, though. For approximations float is good enough.