there is another element in all this and that is that google geo locates users based on their ISp IP adresses. this is what can skew results badly. Also if google is 'iffy' about your geo location, when someone hit a 'UK ONLY' search you can get scored down.
Ideally I take no chances whatsoever, I ensure a site is a UK domain, on a Uk server, with UK set in GWT. belt and bracers me LOL
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