The last two occasions that EUR/GBP has gotten to .9000, Deutsche Bank have come in and sold large amounts. The last time that it got down to .8770, Middle Eastern names stepped in and bought large amounts. Large in these cases being EUR1bln+. I think it’s best to leave this pair to the bigger players and try and scoop up some crumbs. If the global recovery continues then EUR/GBP will fall over time, as the pound was especially harshly treated on the way down, and vice-versa of course.