The pound erased its early losses against the other major currencies in European deals on Monday.

The pound recovered to 1.4496 against the franc and 1.4276 against the greenback, from its early lows of 1.4420 and 1.4224, respectively.

The pound reversed from its prior lows of 168.31 against the yen and 0.7608 against the euro, rising back to 169.26 and 0.7575, respectively.

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