01/12/2014 12:13 GMT | Updated 20/05/2015 10:12 BST

Rod Stewart's Wife Penny Lancaster Dismisses Pregnancy Rumours

BEVERLY HILLS, CA - OCTOBER 11: Singer Rod Stewart and wife Penny Lancaster arrive at the 2014 Carousel Of Hope Ball Presented By Mercedes-Benz at The Beverly Hilton Hotel on October 11, 2014 in Beverly Hills, California. (Photo by Gregg DeGuire/WireImage)

Penny Lancaster has revealed she is most definitely NOT pregnant after husband Rod Stewart was photographed with his hand gently resting on her tummy at a charity event.

In an interview with the Telegraph, mum-of-two Penny, 43, – who joins the cast of ITV's Loose Women today (Mon Dec 1) - explained: "No, I'm not pregnant! Rod put his hand on my tummy and just at that moment Quincy Jones came up the red carpet behind us and said: 'Are you pregnant again?'

"I think Rod did it because I've been on this no-carb diet for two months and have lost 10 lbs."

As a father of eight – with his children Aiden, Alastair, Renee, Liam, Ruby, Sean, Kimberley and Sarah Stewart ranging in age from three to 50 – it had surprised people that the 69-year-old singer might be looking to expand his family further.

But Penny said: "Rod loves kids. But we're definitely done. Aiden took two years to conceive and that gruelling IVF three times over really took it out of me. I'm not even on the Pill any more because it's never going to happen.

"When we did that last IVF there were three possible candidates.

"And the doctor told us that to up the odds he could put them all in – but that could mean triplets. I looked at Rod and he said: 'Put them all in'.

"Luckily little Aiden came through. But I don't think I'm being irresponsible not being on the Pill any more. After all, I'm of a certain age."

Penny has warned Rod's elder daughters not to wait too long to start a family.

She said: "Women these days are far more focused on their careers and I'm all for that, but at the same time our bodies stop giving us those good-quality eggs at around 35."

Penny is enjoying her TV career but she said for the next few years, motherhood will remain her priority.

She said: "Being a mum is what I do full-time right now. When the boys are both at school every day I will find another career avenue to explore."