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According to Reuters, there were still reservations with the pound as its move against the single currency remained near a fourth-month low, partly due to indications the Bank of England may be considering additional monetary easing.
And the news provider noted that some market players have even compared the UK's position with a similar policy outlook in the US.
Kit Juckes, currency strategist at Societe Generale, said the former appears to have a more accommodative bias, like that across the pond.
"That keeps most people nervous about sterling, which looks set to underperform the euro," he added.
This news comes after the pound hit a four-month low against the single currency yesterday and a two-month dip against a currency basket, although it recorded an increase against the dollar.
Posted by Greg Secker
