FXstreet.com (Barcelona) - Very, very quiet day in trading today. As Kathy Lien, chief strategist at FXCM, said the only pieces of economic data due for release on Monday will be from Japan. We do not have any meaningful US data until Thursday. This should lead to exceptionally quiet trading on Monday - which makes the EURUSD the perfect range trade.
On the other hand, the Pound hit new record lows against the Euro after the Hometrack housing situation report. It showed the biggest monthly decline in three years, adding to the recent sad news on UK's economy.