Physics analysis of financial data by researchers in Liege and Pennsylvania argue that the pound is already aligned to the euro - and the continental currencies before it.
http://www.newscientist.com/news/news.jsp?id=ns99991651 Full article not copyable for one week, but worth looking at for application of physics systems theory to financial data. AND because it appears to answer positively the last remaining economic test of the Labour government before considering whether to recommend Britain's entry to euroland in a referendum. "He believes their findings show the emergence of the euro as a major trading currency." Chris Burford London