Since their peaks in late November 2009, the Euro has declined...

Since their peaks in late November 2009, the Euro has declined by 11.2% and the Pound has shed 9% of its value relative to the US dollar. These currencies will likely continue to be pressured as sovereign debt concerns of its members (especially Italy with the regions second largest debt) as speculators move to the safety of the US, Canadian and Australian dollars while selling Euro Zone currencies.



http://www.fxstreet.com/fundamental/market-view/the-currency-futures-report/2010-02-23.html