The euro stayed on the back foot on Monday, as investors eye the key ECB meeting expecting a new wave of monetary stimulus on Thursday.

Slower U.S. job growth expected, but the pace of gains probably remains enough to keep the economy expanding moderately. Rising threats from trade tensions and weakness overseas have left financial markets fearing a recession.

Pound rallies for second day posting biggest two-day surge in 10 months as Brexit fears retreat. Lawmakers voted to force Prime Minister Johnson to seek a 3-month delay to Brexit if he failed to secure a transition agreement.

Britain’s pound bounced from three-year lows on Wednesday after a parliamentary vote raised the prospect of another delay to Brexit.

As markets eye trade war saga, investors became gloomier about the global economy’s prospects amid the U.S.-China trade dispute. Traders turned to buying U.S. assets as safe-haven investments.