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According to Reuters, sterling was down by 0.1 per cent against the single currency at 87.89 pence, close to the euro's six-month high of 88.39 pence yesterday.
The news provider noted that worries about a delicate UK economy may ensure UK policymakers "inject more stimulus weighed on the pound".
These concerns were backed up by Paul Tucker, who told the Daily Mail newspaper that the economy in Britain has not yet found a "sure footing".
What's more, there were further fears that the Bank of England may ease monetary policy further.
Yesterday, the euro experienced another positive against the pound following weak UK consumer confidence data after it was revealed that the Nationwide index decreased by nine points to 53 last month.
Ian Stannard, senior currency strategist at BNP Paribas, said the next target is 88.65.
Posted by Clive Arneil
