Update:
Trainers,
We will be expanding the Nearby Pokémon feature to the rest of the continental United States and large parts of Europe. We will continue to review the feedback submitted on our official social media accounts and in other channels and make changes if necessary.
The Pokémon GO team
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Click on the picture and then click on the foot prints it shows you where the pokemon is.
Finally, although its a beta still, i think.
Edit: It only ever shows Pokemon at Pokestops... what's the point in it?
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Nests have also changed...
Barnes park in Sunderland now a Ekans nest
Mowbray Park is now a Machop nest
RE: Pokemon Go
Ooo Friend, Bus Friend.