Pound Sterling starts the new week in the red against the Euro; however, the near-term outlook remains constructive, and another weekly gain is possible as tariff risks are high and a European Central Bank rate decision is due.

EU-UK tariff divergence is a real theme for foreign exchange.

U.S. President Donald Trump said the U.S. will raise tariffs on EU imports.

The British Pound could be set for a shallow setback against the Euro amidst a global stock market decline and hopes for a German economic revival.