A report suggests that UK exporters are turning against the idea of joining the euro. The common currency's popularity is, in fact, at its lowest in two years.
Just 41 per cent, down from 71 per cent five years ago, say joining the common currency would benefit their business, the study by DHL reveals.
The north-south divide is evident, as antagonism towards the euro is highest in London, while business leaders in north-west England are most positive.
However, many of those questioned said the euro is "unhelpful", and joining would make no difference to their businesses.
The DHL report charts business attitudes of around 1,000 exporters, and is published less than a week after Bank of England governor Mervyn King pointed out there could be a risk to UK economic growth from the strong pound.
The strengthening currency has made life more difficult for UK exporters. But, although the pound is regarded as strong in many circles a Confederation of British Business (CBI) survey last week showed export orders were their highest for over seven years.
Short term confidence over increased orders amongst exporters is at its highest since March 2000.
The Eastern European nations will also be welcomed with open arms in May, as a key destination for UK goods said DHL.
Since its launch in 1999, the euro has rapidly established itself as a major currency, used as a reserve currency by central banks around the world and big companies when raising funds on the bond markets.
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