EUR/GBP recovers to near 0.8530 on hopes of potential US-Eurozone trade deal

  • The EUR/GBP pair claws back its early losses and moves higher to near 0.8530 during European trading hours on Friday. The pair gains as the Euro (EUR) outperforms its peers as investors become hopeful that the United States (US) and the Eurozone will reach a trade deal before the July 9 deadline for 90-day pause on reciprocal tariffs.