The pound drifted lower against its major rivals in European deals on Monday.
The pound hit 4-day lows of 1.5308 against the franc, 0.7858 against the euro and 1.5597 against the dollar, down from early highs of 1.5384, 0.7816 and 1.5664, respectively.
The pound reversed from an early 11-day high of 187.53 against the yen, easing back to 186.82.
The next possible downside target for the pound is seen around 1.525 against the franc, 186.00 against the yen, 0.80 against the euro and 1.55 against the greenback.
The material has been provided by InstaForex Company – www.instaforex.com