Forex Trading News: EUR Holding High Levels Vs. the GBP

The EUR hit record highs vs. the GBP earlier in the week.  With the GBP rate cuts yesterday morning and on speculation that more cuts are highly probable, the EUR made strong gains and challenged that high once again.  There is strong sentiment that the US's economic troubles are officially spilling over to the UK.  With the weak GBP housing numbers and fear of a slowing economy, it seems very likely that the BOE will become more aggressive going forward.