The currency markets have started the week in a relatively tight range, however it is possible we could see some volatility as any moves in the market could be exaggerated due to thin market conditions. Levels of trading will likely decrease further as we near Christmas.
Major data this week includes UK and US GDP tomorrow, Bank of England minutes on Wednesday and US jobless claims on Thursday.
EURUSD is currently trading at 1.4359, GBPUSD @ 1.6130 and GBPEUR @ 1.1228.
Wishing you a Merry Christmas and a happy New Year!