EUR/GBP rises above 0.8500 as Israel-Hamas tensions ease

  • EUR/GBP gains ground after registering little losses in the previous session, trading around 0.8530 during the European hours on Monday. The currency cross receives support as the Euro (EUR) appreciates against its peers due to improved risk sentiment, driven by Israel's submission of revised proposal in hostage negotiations with Hamas, which could lead to a temporary ceasefire.