Most people in Wales would vote to keep the pound rather than adopt the euro, according to a new survey.

Research for FX Currency Services suggests that an immediate referendum on the issue would result in a rejection of the single European currency would result in defeat for the pro-Euro lobby.

Euro Survey - Wales

15% for euros (21% UK) 65% to keep pound (57% UK) 12% undecided (14% UK) 8% don't care (8% UK)

The findings show Wales and the East Midlands as the parts of the UK most eager to keep the pound, with more than four to one in favour in Wales.

They contrast with a BBC Wales poll in January which was the first in Britain to show a narrow majority in favour of adopting the euro.

The survey of 2,000 people across the UK found a significant number - 8% - did not care either way, with another 14% undecided.

FX Currency Services is a wholesale supplier of money to bureaux de change and other travel money vendors.

Many Welsh traders are already accepting euros

It wanted to establish UK sentiment towards the single currency nearly six months after euro notes and coins were issued by the twelve countries in the eurozone.

FX managing director Donald Mackenzie spoke of a possible Golden Jubilee factor, as celebrations of the Queen's fiftieth year on the throne strengthened British feelings of patriotism.

"This latest study highlights the loyalty that people in Britain really feel towards the pound and overall sovereignty seems to be at an all time high," he said.

"The euro has actually got off to a fairly solid start and the UK strategy of biding time seems to have been well received.

"But we could possibly see a clash in what the Government intends and what the British public want."

Labour ministers are believed to be broadly pro-euro, but are loathe to set a date for a referendum until they can be sure of a majority vote in favour of the change.

Holidaymakers may get used to using euros

One theory is that British opinion will move in favour of the euro once people have got used to spending the new currency during their summer holidays.

A number of businesses and organisations in Wales have already pledged to accept payment in euros.

Plans to set up a "euro zone" in the north Wales town of Llangollen during the International Eisteddfod in July have been unveiled by Clwyd South MP Martyn Jones.

Council officials on the isle of Anglesey, north Wales, have urged traders to accept euros from the 3m people who travel to and from Ireland each year via the port of Holyhead.