BMO Capital Markets predicts drop in the pound / dollar

Analysts at BMO Capital Markets noted a downward trend pound / dollar - from mid-August pair lost about five figures. They believe that by the end of the year the pound / dollar may be near the fifty-eighth figure, and potentially continue to decline until the fifty-fifth figure. According to staff BMO Capital Markets, in the third quarter pound / dollar will trade at $ 1.6200 area, in the fourth quarter reached $ 1.5800 a pair. They expect the first quarter of 2012 pound / dollar will fall to $ 1.5500. But then the couple can take a course on restoration and has become stronger in the second quarter to $ 1.5700 in the third - to $ 1.6100, and at the end of 2012 to stay near the sixty-fourth the figure. The current rate of the pound / dollar $ 1.6138.