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According to Reuters, the single currency was up to 86.14 pence, nearing its six-month high of 86.35 pence.
This is partly down to a view from the markets that the interest rate in the eurozone is set to surge quicker than in the UK.
Adrian Schmidt, currency strategist at Lloyds Banking Group, said: "UK yields have edged off, helped by the meeting result yesterday, which has intensified pressure on sterling."
The pound was also down to a one-month low against the dollar at $1.6025 - and this comes after it managed a one-year high of $1.6344 earlier this month.
Yesterday saw sterling fall by 0.7 per cent after the Bank of England announced it is maintaining the interest rate at a record low of 0.5 per cent for another month.
Posted by Greg Secker
