The pound trimmed its early losses against its major counterparts in pre-European deals on Tuesday.

The pound bounced off to 1.2578 versus the dollar, 0.8465 against the euro and 1.2625 against the franc, from its early lows of 1.2550, 0.8480 and 1.2600, respectively.

The pound rose back to 137.16 against the yen, from its previous low of 136.72. The currency is on track to pierce its early 6-day high of 137.18.

The next possible resistance for the pound may be seen around 1.32 against the greenback, 0.82 against the euro, 1.29 against the franc and 144.5 against the yen.

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