FXstreet.com (Barcelona) - Pound's recovery from levels around 1.3500 on early 2009 will continue in 2010, according to Sherry Cooper, technical analyst at BMO Capital markets, who expects the Pound to continue appreciating during the current year to reach levels at 1.77 in the first quarter of 2011.

The Pound will reach 1.6300 area in January, according to Cooper, to climb to 1.6500 in the second quarter, and 1.6600 in March.

In the second quarter, Cooper expects the Pound to reach 1.68 in the second quarter and rally further, to hit 1.71 in the third quarter and 1.74 in the last quarter of the year.

During 2011, Cooper foresees the GBP/USD to trade at levels around 1.77 in te first quarter and reach 1.79 in the second.

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