The Pound Sterling (GBP) drops to near 1.3600 against the US Dollar (USD) during European trading hours on Monday. The GBP/USD pair declines as the US Dollar trades calmly, with investors awaiting trade-related headlines in the countdown to the United States (US) tariff deadline on July 9.
Silver price (XAG/USD) edges lower after halting a three-day winning streak, trading around $36.50 per troy ounce, down by more than 1%, during the European hours on Monday.
The US Dollar is one of the best performers among major currencies on Monday.
Gold price (XAU/USD) touches a fresh daily low during the early part of the European session on Monday, with bears now awaiting a sustained break below the $3,300 mark before positioning for deeper losses.
EUR/GBP continues to gain ground for the second successive session, trading around 0.8630 during the European hours on Monday. The currency cross receives support following Germany’s improved Industrial Production data release. Traders await Eurozone Retail Sales due later in the day.