Leaders at the G8 summit over the weekend indicated their desire for Greece to remain in the Euro zone and urged Europe to focus on growth rather than austerity. However, with the meeting providing little of substance, traders are likely to shift their focus onto the EU Summit and PMI numbers across Europe due later this week. In the UK, a raft of data is scheduled including inflation, BoE minutes of the last meeting and revised GDP data. All are likely to keep traders busy. With little noteworthy in terms of macro releases globally today, it is expeted that the major currency pairs will trade in a tight range.
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