The EUR/GBP exchange rate struggles to maintain strength, trading in negative territory for the second consecutive day at approximately 0.8420 during the early European session on Monday. This decline is significantly driven by market reactions to US President Donald Trump’s recent decision to increase tariffs on steel and aluminum imports from the Eurozone. Traders are now keenly awaiting upcoming UK labor market data, which could provide essential insights into the economic health of the region. As this data releases, volatility in the EUR/GBP pair may increase, making it a key focus for traders.