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According to Reuters, the single currency dropped by 0.1 per cent at 87.81 pence but experienced an earlier low of 87.63.
But the news provider pointed out that further negative happenings for the euro/sterling was likely to be limited.
And traders stated that the pound may well be underpinned due to a big euro/sterling selling order occurring.
Gavin Friend, currency strategist at nabCapital, said: "The euro has been very well-bid generally and I wouldn't expect much downside, though in the bigger picture it's been approaching a range-top and is starting to look expensive."
This comes after the single currency experienced positive news yesterday morning when the pound was near to a sixth-month low against the euro after it decreased by 0.1 per cent to hit 87.89 pence, close to the euro's high of 88.39 pence, Reuters reported.
Posted by Greg Secker
