EUR/GBP witnesses significant gains, trading around 0.8670 during early European dealings on Monday. This rise develops after the European Union announced an extension of its suspension of countermeasures against US tariffs until early August. The decision appears aimed at promoting a negotiated resolution of ongoing trade disputes. Support for the Euro (EUR) has strengthened as a result, offering optimism for further price action in the currency pair. The market remains optimistic about this diplomatic initiative, providing a solid boost to the EUR/GBP exchange rate in the short term.