The pound is set to appreciate against the euro in the coming weeks on signs that the Bank of England will begin winding down its fiscal stimulus programme, ING has claimed.In a researcher's note, Tom Levinson, a currency strategist at the company, said that the Monetary Policy Comittee (MPC) is readying itself to withdraw some of the "aggressive stimulus" injected into the UK economy in the months since the collapse of Lehman Brothers.He added that this move may well come as early as the second quarter next year, up to nine months before the European Central Bank starts to rein its fiscal instruments in.Bloomberg data show that the pound lost 23 per cent against the euro in 2008 and has recovered 11 per cent so far this year after hitting near parity in December.ING anticipates that there will be "further normalisation" through to the end of 2009, when sterling is set to appreciate to 80 cents.