What a difference a day makes. If the Market News story on the ECB’s currency concerns hit the wires yesterday we’d probably be 300 pips lower now. Instead, we are working our way through resistance in the 1.4840 area as Stocks and commodities soar after the Q3 GDP report boosts risk sentiment. 1.4925 is the topside target if 1.4840 is overcome on a sustained basis.