The Euro (EUR) is strengthening against the British Pound Sterling (GBP) on Monday, as diverging drivers on both sides of the Channel shape market sentiment.
The EUR/CHF pair is trading near the 0.94 zone on Monday, reflecting minor gains as the market stabilizes within its recent range. Despite the modest upside, the pair remains constrained by a broadly neutral technical outlook, with mixed signals across multiple timeframes.
At the end of last week, Japanese Finance Minister Kato indicated that he would look to talk about FX with US Treasury Secretary Bessent this week. This has spurred investors to move back into long JPY positions.