The pound trimmed its early gains against its key counterparts in European deals on Monday.

The pound eased to 1.4571 against the franc and 0.7100 against the euro, off early high of 1.4627 and a 2-1/2-month high of 0.7072, respectively.

The pound declined to a 5-day low of 187.80 against the yen, reversing from its previous high of 188.59.

The pound that reversed from an early high of 1.5507 against the greenback eased back to 1.5461. The pound is thus heading to pierce its early 6-day low of 1.5456.

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