The better than expected Swiss GDP numbers for 4Q 2008 have provided some more support for the EUR/USD with it setting new highs for the day on the release of the number, at 1.2676. Since we have managed to hold above the all important 1.2500/50 region i would expect us to now work our way back towards 1.2850. Tokyo and Sydney didnt do too bad today equity wise so i am looking for a return to the risk currencies to continue throughout the remainder of London morning trading.