Having registered the third consecutive week of declines and testing its lowest level since mid-August, the GBP/USD pair witnessed a minor bounce back during Asian session on Monday but remained below 1.3000 psychological mark. Meanwhile, the EUR/USD pair maintained its near-term range-bound trading action and traded with mild negative bias ahead of ECB President Mario Draghi's testimony before the Committee on Economic and Monetary Affairs of European Parliament later on Monday. Last week, the greenback weakened broadly after Fed decided to leave interest rates unchanged and downgrade its economic projections. ... (full story)