The EURGBP cross has extended gains for the second consecutive session, trading around 0.8600 during the Asian hours on Monday. The euro rises as it gains against various counterparts, supported by the ongoing weakness of the US dollar.

Investor attention shifts toward potential US-UK trade talks and their implications for the euro. Persistent concerns about a possible US recession and Fed independence further strengthen the euro’s position. Traders are keenly observing how these developments will affect future trading strategies and market trends.