By Investopedia.com AAA |. A: England, as part of the United Kingdom, is the most notable member of the European Union that has elected not to use the euro. Rather, the United Kingdom uses the pound sterling as its national currency.When the euro was first proposed as a single currency system for the European Union, the Prime Minister of the United Kingdom, Tony Blair, declared that the were five economic tests that must be met for his country to accept the euro.ngland, as part of the United Kingdom, is the most notable member of the European Union that has elected not to use the euro.
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