IFAs are united in their belief that the euro will have no immediate effect on the retail financial market unless or until the UK joins the single currency.
They say that although the euro has already shown signs that it could be as strong as the US dollar it will have very little influence on IFA business or on the options available to the consumer.
Hargreaves Lansdown consultant Stuart Louden says: "The euro will have no immediate affect on the way we conduct our business although if it proves to be as strong as early indications suggest then I would think people may start pressurising the Government to enter the single currency."
Chase de Vere consultant Simon Tyler says: "The euro will have little affect on the market for three or four years unless Britain signs up. If we do then obviously this is going to have a major implications for all IFAs."