Unchanged at $1.04 The euro has traded in a wide range over the past month. Starting with a slump at the end of January as another European Central

The pound edged down against the euro and rose versus the U.S. dollar on Monday after European leaders agreed on Sunday to draw up a Ukraine peace plan to present to the United States.

Ukrainian President Volodymyr Zelensky personally asked President Trump for continued American support during a cross-ocean G7 meeting held Monday — the third anniversary of Russia’s full-scale invasion of Ukraine.

Ukrainian President Volodymyr Zelenskyy says talks between Ukraine and the US on ending the war will take place in Saudi Arabia next week.

The euro climbed to a three-month peak against the U.S. dollar on Tuesday after Germany's conservatives and Social Democrats announced proposals to set up a 500 billion euro fund for infrastructure and overhaul borrowing rules aimed at increasing defense spending.

The euro strengthened following improved hopes for a Ukraine peace deal and shifts in economic growth indicators influencing the dollar. European leaders are pushing for peace in Ukraine, while the euro benefits from potential fiscal boosts and a narrowing inflation gap.

The chief of the European Union's executive proposes an 800 billion euro ($841 billion) plan to beef up EU defenses to lessen the impact of potential U.S. disengagement and provide Ukraine with military muscle to negotiate with Russia following the freeze of U.

Tánaiste Simon Harris told RTÉ’s This Week programme that he plans to bring a proposal for €100 million in non-lethal military assistance for Ukraine.

The PM will tell European leaders they need to play their part on defence and “step up for the good of collective security”