A couple of things are going on;
Yes, pressures in a colder bore are going to be lower than in a hotter one.
When stuff gets colder, it shrinks. The bore is going to have a slightly larger diameter, and the ball is going to be of a slightly lesser one too. Thus, you're more likely to get blow-by with the expanding gasses, but more importantly, (and this assumes that you use the same patch thickness and ball diameter as you did in more moderate temperatures) the ball won't take as much force to get started on its' way, so your peak chamber pressure will be lower, as will your velocities.
In Ye Olden days of extended African Safaris the British ammunition companies used to have a somewhat reduced load for ammunition intended for Africa. Particularly for their large bore double guns, and with their relatively weak primary extraction. Pressures in a blued gun could skyrocket in a gun who's chamber was out in the sun for awhile. Though I never heard of an action failing because of it, I HAVE experienced difficulty in actually breaking (for the purposes of extracting the empties) a finely made double (cartridge) gun when doing an extended range session. It only took about 8 rounds through it before I started noticing. Another good reason to only use muzzle loaders!