England have climbed up to fourth in the latest edition of the FIFA rankings with five-time world champions Brazil dropping out of the top ten for the first time.
Roy Hodgson's men, who progressed through to the Euro 2012 quarter-finals before losing to Italy on penalties, are up two places.
Italy meanwhile remain behind the Three Lions despite reaching the final, climbing six places into sixth.
Brazil drop six places to 11th, meaning they are out of the top ten for the first time since the rankings were created in 1993.
Their fall down the rankings is because they have played significantly fewer competitive matches than other leading nations in 2012.
This is down to the fact they are hosting the 2014 World Cup and therefore do not have to play qualifying games.
Reigning world and European champions Spain remain in first place, with Euro 2012 semi-finalists Germany climbing above Uruguay into second.
Portugal, another one of the semi-finalists in Poland and Ukraine, move five places into fifth with Argentina unchanged in seventh.
The Netherlands, Croatia and Denmark make up the top ten but have all seen their rankings slip thanks to their group stage exit at the Euros.
Among the other home nations Northern Ireland were the only country to move up, climbing one place to 102nd.
Chris Coleman's Wales remain in 38th while Scotland fall eight places down to 49th.
The Republic of Ireland, who lost all three of their group matches at Euro 2012, fall to 26th from 18th.