0838 GMT - Sterling continues to trade in a tight range against the euro after the Bank of England held interest rates at 3.75% last week, ING's Francesco Pesole says in a note. The BOE wasn't as "hawkish" as the European Central Bank or Federal Reserve about raising rates in the future, but equally didn't push back strongly against aggressive tightening expectations, he says. Even if another oil price jump prompts the BOE to raise rates in November, it is unlikely to match rate-rise expectations, he says. The euro falls 0.1% to 0.8568 pounds and ING sees it reaching 0.87 on a potential repricing of BOE expectations. The euro has traded between 0.8550-0.8600 pounds since the start of September, Pesole says.