The EUR/GBP cross extends the decline to around 0.8435 during the early European session on Monday. The Pound Sterling (GBP) strengthens against the Euro (EUR) due to positive developments surrounding the United States (US) and the United Kingdom (UK) trade agreement last week.
The Australian Dollar (AUD) is building on its recent momentum, rising against the US Dollar (USD) for a second straight session on Monday. The AUD/USD pair is benefiting from growing optimism around the US-China trade talks held in Geneva.
China's Vice Premier He Lifeng described the weekend talks with US officials as “substantial progress” in stabilising bilateral trade relations, per Bloomberg.