The pound gained ground against most major opponents in European morning deals on Monday.

The pound climbed further to a 4-day high of 1.5471 against the greenback, following a decline to 1.5423 at 5:45 pm ET.

The pound edged up to 1.5020 against the franc and 0.7326 against the euro, bouncing off from its previous low of 1.4936 and near a 2-week low of 0.7359, respectively.

The next possible upside target for the pound may be located around 1.56 against the greenback, 1.51 against the franc and 0.72 against the euro.

The material has been provided by InstaForex Company –