Pound drops below Euro in UK – political fallout?

Hmm, wonder if Tony Blair (and his one-time Chancellor of the Exchequer, current British PM Gordon Brown) are having any regrets about not migrating Britain into an integrated European currency with this news. Between this, EU new regulatory standards and such, I think Britain will eventually have to reassess its currency position, and the political philosophy behind that of trying to straddle the continental membership of the EU on the one side and the US on the other.

As for immediate political fallout, both the Conservatives and Liberal Democrats are already slapping Brown around about it as a reflection of his alleged economic mismanagement:

The Conservatives dug up a quote from Brown’s time as shadow Chancellor when he said “a weak currency is a sign of a weak economy, which is the sign of a weak government.”

Can we have Tories and Labor hit one another hard enough that Lib Dems get enough seats to force a coalition?