This is my quick lookup table for the Microsoft points system for the UK. It is based on the current conversion ratio of £8.50=1000 points. Please keep in mind that if you buy points on pre-paid cards, the value will be different.
Points: Value
_001 = ____0.85p (850/1000)
_060 = ___51p
_100 = ___85p
_120 = £_1.02
_160 = £_1.36
_200 = £_1.70
_400 = £_3.40
_560 = £_4.76
_800 = £_6.80
1000 = £_8.50
1200 = £10.20
I would advise printing this and keeping it somewhere near your TV or Xbox