British pound on the rise after UK-EU summit

Daily Currency Update

Over the weekend, UK Prime Minister Keir Starmer, engaged in pivotal discussions with European leaders, including French President, Emmanuel Macron and European Commission President Ursula von der Leyen. These talks aimed to resolve longstanding issues ahead of today's UK–EU summit in London, signalling a mutual commitment to constructive dialogue and a more stable, cooperative future relationship.

The outcomes of today's discussions are poised to set the tone and agenda for UK–EU relations in the coming years. The initial reaction to the summit appears to be mildly positive for the pair. However, this sentiment could be influenced by upcoming U.S. economic data and any shifts in broader market sentiment.