The pound traded lower against the euro on Monday after Germany's conservatives won a national election as expected.

The single currency gained 0.3 per cent in early trading in Europe to $1.0489. The currency briefly hit a high for the year during morning trading in Asia, rising as much as 0.7 per cent to $1.0528. “Obviously some relief is showing through in the euro now,” said Tony Sycamore, a market analyst at IG Australia.

All of the 24 group games at UEFA Women's EURO 2025 have their share of intrigue as the action gets under way in Switzerland from 2 July. We pick out six standout matches in the race for knockout slots.

The ECB lowered borrowing costs for the fourth straight time last week and hinted at even more policy easing since inflation could be back at its 2% goal by late summer, economic growth is anaemic and a trade war was a distinct possibility.

Vice President JD Vance's speech to the Munich Security Conference is still making waves in Europe, according to Kevin Roberts and Rep. Harriet Hageman.

The euro and German stocks rallied on Monday as investors welcomed Germany’s election result that put centrist parties on track to form a coalition, although optimism was tempered by potentially tricky negotiations over economic policy.