Why doesn't Great Britain use the euro as its national currency?

Question

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Although most members have signed on to use the euro as their currency, Great Britain remains an important holdout. A politically important segment of public opinion in that country opposes a common currency on the grounds that it would require relinquishing control of the country's monetary policy to the EU, which many British perceive as a bureaucracy run by foreigners.

Why Doesn't Great Britain Use the Euro as Its National