United Kingdom and the euro

Part of a series of articles on
UK membership of the European Union (1973–2020)
Accession Treaty of Accession 1972 1972 EC Act 1973 enlargement of the EC
1975 referendum Referendum Act (results)
Treaty amendments Single European Act, 1986 (UK ratification) Maastricht Treaty, 1992 (UK ratification) Treaty of Amsterdam, 1997 (UK ratification) Treaty of Nice, 2001 (UK ratification) Treaty of Lisbon, 2007 (UK ratification) Related: 2011 UK Act on new EU Treaty amendments EU-related British Acts Proposed European Constitution referendum European Union Bill 2004–2005
MEPs for UK constituencies Members 1973–1979 (elected by parliament) Members 1979–1984 (1979 election) Members 1984–1989 (1984 election) Members 1989–1994 (1989 election) Members 1994–1999 (1994 election) Members 1999–2004 (1999 election) Members 2004–2009 (2004 election) Members 2009–2014 (2009 election) Members 2014–2019 (2014 election) Members 2019–2020 (2019 election) Women
Officials and bodies House of Lords EU Committee House of Commons EU Committee Permanent EU Representatives for UK Northern Ireland Executive in Brussels EU Representative in London UK European Commissioners Department for Exiting the European Union
Issues and events Economy The Euro Black Wednesday UK budget rebate Nationality law Euroscepticism in the UK United Kingdom opt-outs from EU legislation Maastricht Rebels Balance of Competences Review
Withdrawal 2015 UK general election 2015–2016 membership renegotiation 2016 EU membership referendum Vote Leave Britain Stronger in Europe Notification of withdrawal 2017 UK general election Brexit negotiations Impact of Brexit Future relationship Withdrawal agreement No-deal Brexit Impact on Irish border Northern Ireland Protocol Parliamentary votes Proposed second referendum 2019 UK general election
EU portal UK portal
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The United Kingdom did not seek to adopt the euro as its official currency for the duration of its membership of the European Union (EU), and secured an opt-out at the euro's creation via the Maastricht Treaty in 1992, wherein the Bank of England would only be a member of the European System of Central Banks.

United Kingdom opinion polls showed that the majority of British people were against adopting the euro; and in a June 2016 referendum, the United Kingdom voted to withdraw from the EU, significantly reducing any chance of future adoption. On 31 January 2020, the United Kingdom left the EU.

Despite never being a member of the eurozone, the euro is used in Akrotiri and Dhekelia and is widely accepted in Gibraltar and Northern Ireland. Furthermore, during its membership in the EU, London was home to the majority of the euro's clearing houses.^[1]