EUR/GBP trades close to 0.8900 and is perilously close to the equivelent of the 1995 lows in GBP/DEM at 2.2300 seen in the wake of the collapse of Baring Bros. That level comes in at 0.8932.
The US and UK have been the most aggressive economies in battling the global slowdown in recent months but the market seems to be thinking, at least in the short-term, they may have gone a bit too far.
