Being from Germany and currently living in London I would assume there is no definitive answer. Really depends on the city and the watch.
Just saw a gentleman wearing his wonderful 5320G in London at the table next to me, nobody really seemed to care. However, I would never wear a 5811/5711 or even a 5167 in London.
In Germany, Austria or Switzerland it is very different. Just use your common sense, do not look like a tourist and you will be fine. In Munich and Zurich you regularly see PP on the wrist, never heard that anything happened.
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