LONDON (AFX) - The major currencies were little changed and largely rangebound in early trade with the market lacking direction due to the closure of the London market for a national holiday, dealers said. "It has been very quiet and the euro has been trading around 0.91 for most of the morning," a currency trader at Deutsche Bank said. "With the London market closed it looks to be a quiet day," he added. Dealers said the market was looking ahead to the release of US second-quarter revised GDP data Wednesday, and the European Central Bank governing council meeting and rate decision on Thursday, for further leads. "There are no tangible signs of recovery yet (in the US) and the economy remains fragile," Marion Girard-Vasseur, an economist at BNP Paribas, said. "A further 25 basis points monetary easing is likely to be implemented at the next FOMC meeting on Oct 2, in both the Fed funds and the discount rate," she added.