Indeed. At 3C in London, the humidity seeps into every pore and settles into your bones. Riding a bike at 3C, unless you're wearing a balaclava and a ski mask, is an exercise in pure pain, as the wetness sublimating off your face has approximately the same effect on your facial nerves as being flayed.
Ok the other hand, -2C in London is crisp and invigorating and entirely preferable in every possible way.