I use the Sony MDR-1000X noise cancelling.
They have on/off noise-cancelling which is very handy for hearing traffic, and also for blocking loud Tube tunnels.
Edit: These are definitely outside the budget.
I use the Sony MDR-1000X noise cancelling.
They have on/off noise-cancelling which is very handy for hearing traffic, and also for blocking loud Tube tunnels.
Edit: These are definitely outside the budget.