Roy Hodgson's men topped their group at the European Championship in Poland and Ukraine, drawing with France before beating Sweden and Ukraine, but exited after penalty shoot-out heartache against Italy.
Spain remain on top having retained their European crown, whilst Germany move up to second at the expense of Uruguay thanks to their run to the semi-finals.
|WORLD CUP WINNERS?
|20/1||England are 20/1 to win the 2014 World Cup with William Hill|
Portugal's last-four berth and Italy's final appearance have not seen them overhaul the Three Lions, however, as they sit in fifth and sixth place respectively.
Netherlands' disastrous Euro 2012 campaign sees them drop down four places into eighth whilst Brazil have fallen out of the top 10 for the first time in their history after falling behind Croatia and Denmark.
Argentina's recent friendly win over their South American rivals has ensured they remain unmoved in seventh place.