The GBP/EUR exchange rate has achieved further gains, reaching five-week highs above 1.1850. This surge is attributed to heightened risk appetite following the US-China tariff agreement for a 90-day period. Barclays predicts that UK yields and the prospect of improved UK-EU trade relations will further bolster the Pound against the Euro. Investors should keep an eye on these evolving fundamentals as they play a significant role in guiding market movements and potential trading strategies.