FXstreet.com (Barcelona) - The Pound's recent decline could have bottomed at 1.3500 level reached on Jan 23 if quarterly forecast by BMO Capital Markets confirm, as they predict continuous recovery for the Pound during 2009 to reach levels around 1.65 at the end of the 2010 year.

BMO Capital Markets expect quarterly report forecasts the Pound to ease to levels about 1.42 at the end of Q2, to reach 1.45 by Q3 and 1.50 at the end of the current year.

For 2010, BMO Capital Markets predicts the Pound trading at 1.54 Dollars at the end of the Q1; 1.58 at the end of Q2 and 1.61 by the Q3 to end next year at levels around 1.65.