The GBP rallied overnight as fears of a Brexit eased slightly. GBP/USD opened at 1.4460, up more than 100 pips from Friday's close and extended gains to 1.4620 later in the session. Large moves have been seen in the crosses as well, with GBP/JPY up more than 250 pips on the day.
The rally in the Pound pushed the Euro higher as well. EUR/USD started the new trading week at 1.1330, 50 pips higher from Friday's close. It later reached 1.1378. The commodity currencies benefited from the risk-on sentiment too, with AUD/USD rising from 0.7395 to 0.7450 and NZD/USD from 0.7045 to 0.7114.
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