[lndrvr1972]

I thought that the U.K. is not in the E.U.?

[M. Espinola]

The Pound remains sovereign but the U.K is an E.U. member.

Margret Thatcher warned during her last few months in office as PM, if the Pound is surrendered for the Euro, Britain's sovereignty would be lost to those which she fought against in two world wars.