FXstreet.com (Barcelona) - Pound's recovery from 1.3655 Mar 11 low seems to be a long lasting one, according to the quarterly currency outlook by BNP Paribas, which forecasts the Sterling to climb towards maximum levels around 1.65 during the current year.

The Pound would continue appreciating against the Dollar, reaching levels around 1.58 at the end of the second quarter to continue climbing reaching 1.65 to close the third quarter. BNP Paribas forecasts some easing on the fourth quarter, in which the Pound will set back to 1.61.