EUR/GBP surges above 0.8650 as EU extends suspension of countermeasures to US tariffs

  • EUR/GBP extends its gains for the second successive session, trading around 0.8670 during the early European hours on Monday. The currency cross gains ground as the Euro (EUR) receives support following the European Union's (EU) announcement on Sunday that it will extend its suspension of countermeasures to United States (US) tariffs until early August, aiming to pursue a negotiated settlement.