BoNY Mellon about the prospects for the pound

Pound / dollar recovered from a previously established minimum European session at $ 1.5364 to $ 1.5380 area. Dealers say demand for a couple of $ 1.5350, and potentially at $ 1.5325. Interest associated with the optional barrier remains in the fifty-third figure. Euro / pound, meanwhile, leaves the maximum session stg0.8581 and kept on stg0.8566. Employees of Bank of New York Mellon believed that in future the British currency weakened against the dollar but strengthened against the euro. They note that the position of the pound is increasingly dependent on the development of the crisis in the euro area, rather than from the second phase of quantitative easing. They add that, unlike 2009, when the Bank of England launched a program QE, this time the British currency falling against the dollar would be more continuous nature. According to analysts of bank, the pound / dollar finished 2011 near the mark of $ 1.50 and the euro / pound - close to stg0.80. The current rate of the pound / dollar $ 1.5384.