BMO Capital Markets expects to reduce pound / dollar to 1.6000 in December

Analysts said BMO Captal Markets, pair Pound / dollar, which in the past two weeks, traded in a range between 1.6200 and 1.6600, reduced to a mark of 1.6000 in December and until the second quarter of next year will remain in the range between 1.6000 and 1.6200. In the second quarter in the bank waiting to see the pair at 1.6600. In the third and fourth quarters of 2010 foreign currency bank analysts predict a rise in pound / dollar to levels of 1.7000 and 1.7400, respectively. As in 2011, the bank’s strategists expect further growth: in the 1 st quarter of 2011 pound / dollar may rise to the level of 1.7600, while the 2-m – to 1.7700. At the moment pair Pound / dollar is trading at around 1.6570.