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The multi-country tender was valued at $1.3133 (84.09 pence) during the morning currency exchange session in London, with Bloomberg revealing it sank as far as $1.2969 on Monday, its worst value since September 15th.
A summit later today will reveal whether regional authorities intend to take action to assuage concerns relating to debt in the eurozone, with the outcome likely to impact upon Forex trading.
Niels Christensen, chief currency strategist at Nordea Bank, stated: "All the focus is going to be on the ECB, on whether there's going to be more details about more purchases of government bonds."
Sterling was also strong in money markets, valued close to a ten-week high versus the euro at 84.21 pence as of 08:33 GMT, though it was down 0.2 per cent against the dollar.
Posted by Sara Secker
