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By Philippe Legrain ADD COMMENTS

Amid all the euro-phobes' schadenfreude about the euro-zone's travails, it is remarkable that the pound is plunging – not just against the US dollar, but also against the much-maligned euro. 

If markets get panicky about the UK government's deficits, we may regret our not-so-splendid isolation from the euro-zone. 

Posted 02 Mar 2010 in Blog, Britain, Currencies, Debt, Europe

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