The pound came off from its early highs against the U.S. dollar and the Japanese yen in European deals on Monday.
The pound was trading at 1.4269 against the greenback and 167.37 against the yen, from its early highs of 1.4323 and 168.16, respectively.
The next possible support for the pound is seen around 1.40 against the greenback and 165.5 against the yen.
The material has been provided by InstaForex Company – www.instaforex.com