FXstreet.com (Barcelona) - The GBP will continue its recovery from levels around 1.5600 on early October to reach 1.7000 area in six months time, according to the UBS Bank's research team, who has lifter its three, six and twelve-month's forecast for the Pound.

The Sterling will move at 1.6600 in three-months time,to peak at 1.7000 in six months, according to the UBS Bank: We raise our three, six and twelve month forecast of the GBPUSD to 1.66, 1.70 and 1.70, which was previously 1.63, 1.65 and 1.70.