British Pound

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As traders continue to digest the consequences of the United Kingdom’s vote to break away from the European Union, the British pound sterling-related exchange traded fund continues to plunge to new lows, with the cable slipping to a fresh 31-year low. On Wednesday, the CurrencyShares British Pound Sterling Trust (NYSEArca: FXB), which tracks the British […]

The Bank of England could cut interest rates to bolster the British economy, potentially supporting currency-hedged exchange traded fund strategies as a United Kingdom play. Bank of England Governor Mark Carney said the central bank could cut interest rates in the months ahead to support growth in the wake of the Brexit shock and ensuing […]

United Kingdom stocks and the pound sterling plunged on the Brexit vote, but a benchmark index of blue-chip UK stocks has already erased losses while the cable remains depressed, highlighting the potential currency risks that U.S. exchange traded fund investors face when looking to overseas markets. The FTSE 100 climbed to 6,360, surpassing the level […]

The votes are in and the United Kingdom will dissolve its 43-year membership in the European Union, triggering mass sell-off in global markets and exchange traded funds (ETFs). Leading the plunge, United Kingdom market-related ETFs were the worst hit, with the First Trust United Kingdom AlphaDEX Fund (NYSEArca: FKU), which provides a smart-beta play on […]

European markets and related exchange traded funds (ETFs) were leading the market rebound Thursday ahead of widely observed “Brexit” vote. The European Stoxx 600 ended 1.5% higher Thursday. Meanwhile, in the U.S., the iShares MSCI EMU ETF (NYSEArca: EZU) added 2.7% and the SPDR EURO STOXX 50 (NYSEArca: FEZ) returned 2.8%. The two ETFs both […]

Fueling market uncertainty, the United Kingdom will vote for the so-called Brexit referendum on whether or not it will remain in the European Union, potentially precipitating wide-reaching volatility on global markets and exchange traded funds. Debate on the Brexit vote has heated up as we draw closer to the June 23 referendum date. While many […]

In anticipation of the summer doldrums, many have increased cash positions to sit out potential volatility ahead. However, increasing negative sentiment may signal contrarian opportunities for some areas of the market and exchange traded funds. A Bank of America Merrill Lynch fund manager survey revealed that money managers are increasing their cash positions this month […]

Diminished momentum in “Brexit” sentiment helped assuage fears of a United Kingdom break away from the European Union and triggered a surge in the British pound sterling and currency-related exchange traded fund. The CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) increased 1.1% Wednesday. FXB is still down 2.0% year-to-date, weakening this year on uncertainty over […]

As Great Britain potentially parts ways from the European Union in the so-called Brexit, the British pound sterling dipped to a seven-year low against the U.S. dollar, with currency-related exchange traded fund falling to an all-time low. The CurrencyShares British Pound Sterling Trust (NYSEArca: FXB), which tracks the movement of GBP against the USD, fell […]

With the PowerShares DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP) up more than 9% this year, a gain that is better than quadruple that of the S&P 500, it is fair to say the greenback has been the star among developed market currencies. It is a lesson the British pound is learning…the hard way. […]

United Kingdom stocks and country-specific exchange traded fund investors may be too complacent about the impending volatility ahead as the country braces for its general elections. The iShares MSCI United Kingdom ETF (NYSEArca: EWU) has dipped 0.1% year-to-date. In the weeks ahead, BlackRock argues that investors could see greater volatility in the sterling currency and […]

The U.S. dollar-relate exchange traded funds surged Friday, with the greenback touching a four-year high, after the solid September jobs report fueled bets on a quickening U.S. recovery. The dollar index, a gauge of the U.S. dollar’s value against six major currencies, touched a high of 86.56 Friday, its strongest level since June 2010, increased […]

The British pound and United Kingdom stock exchange traded funds plunged Monday in response to rising support for a Scottish independence ahead of a referendum vote scheduled for next week. The CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) was down 1.1% Monday. Meanwhile, the iShares MSCI United Kingdom ETF’s (NYSEArca: EWU) fell 1.9%, dipping below […]

Amid speculation the Bank of England will join the Reserve Bank of New Zealand in developed market central bank interest rate hike game, the CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) has spent a significant portion of 2014 as one of the better-performing currency exchange traded funds. That bullishness has ebbed dramatically as the pound […]

The British pound exchange traded fund is marching toward a six-year high as the improving economy and rising inflation fuel speculation of a Bank of England rate hike. The CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) rose 0.4% Tuesday. FXB has strengthened 2.9% year-to-date and is trading near its highest level since 2008. Meanwhile, the […]

The British pound, along with related currency exchange traded fund, jumped to a three-week high against the greenback after the Bank of England hinted that rates could rise sooner than expected, with some pointing to rate hikes as early as the first quarter of next year. The CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) gained […]

The recovering U.S. economy, the Fed’s gradual tapering and loose monetary policies abroad should have helped strengthen the U.S. dollar and related exchange traded fund, but so far this year, the greenback has been enervated. The PowerShares DB US Dollar Index Bullish Fund (NYSEArca: UUP), which tracks a basket of the six major world currencies – the […]

The British pound has been one of the top-performing developed market currencies for about a year, a fact affirmed by the 8.3% returned by the CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) over the past 12 months. On Wednesday, FXB gained a third of a percent, rising to its highest levels since October 2008, but […]

The British pound sterling exchange traded fund has been steadily rising as traders pushed up bets this month, with hedge funds and other large speculators at their most bullish on the currency since 2011. The CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) rose 1.6% over the past month and is up 1.3% year-to-date. As of […]

The British pound sterling exchange traded fund has been steadily appreciating, with the currency touching a four-and-a-half year high Thursday, as traders speculate on tightening Bank of England monetary policies. The pound sterling touched $1.6842 against the greenback Thursday, its strongest since Nov. 18, 2009, reports Clare Connaghan for the Wall Street Journal. Meanwhile, the […]

United Kingdom exchange traded fund investors can breathe a little easier after Bank of England reassured markets that it will push back plans to raise rates and help support a growing economy. The iShares MSCI United Kingdom ETF (NYSEArca: EWU) was up 0.3% Thursday. EWU has gained 4.7% over the past week but is still […]

The British pound sterling exchange traded fund strengthened after a four day losing streak as the Bank of England hinted that they may raise interest rates sooner-than-expected due to the strengthening economy. The CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) was up 0.8% Wednesday. FXB is down 2.4% year-to-date. The BOE stated in its quarterly […]

ETF Spotlight on the db X-trackers MSCI United Kingdom Hedged Equity Fund (NYSEArca: DBUK), part of an ongoing series. Assets: $5.2 million Objective: The db X-trackers MSCI United Kingdom Hedged Equity Fund tries to reflect the performance of the MSCI United Kingdom US Dolar Hedged Index, which provides exposure to the U.K. equity market but […]

The British pound  could strengthen on an improving economy and the Bank of England’s more tolerant stance for a stronger exchange rate, bolstering United Kingdom-related exchange traded funds. Britain’s economy expanded at its fastest clip in three years over the third quarter, Bloomberg reports. Meanwhile, traders are speculating that the BOE will raise benchmark rates […]

The United Kingdom country-specific exchange traded fund continued to weaken Friday, moving toward its first weekly loss since August, after a Bank of England governor pointed to an end to stimulus. The iShares MSCI United Kingdom ETF (NYSEArca: EWU) dipped 0.5% Friday. EWU is up 12.2% year-to-date. U.K. stocks weakened following BOE Governor Mark Carney’s […]

The WisdomTree Japan Hedged Equity Fund’s (NYSEArca: DXJ) status as one of this year’s top asset-gathering ETFs is one sign that investors are bearish on the yen and bullish on Japanese stocks. DXJ’s rise to prominence has also shined the spotlight on the concept of currency hedged ETFs beyond those that short the yen. WisdomTree […]

Looking to capitalize on the success of the WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ), ETF issuer WisdomTree (NasdaqGM: WETF) again tested the currency hedged waters last week with the introduction of two ETFs. One of those new ETFs is the WisdomTree Japan Hedged SmallCap Equity Fund (NYSEArca: DXJS), small-cap equivalent of the wildly popular […]

After rising speculation on Fed “tapering” and the tumult in the U.S. equities markets, global investors flocked back to traditional safe-haven plays, boosting hard currency exchange traded funds. For instance, the CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) was up 2.4% over the past week, CurrencyShares Euro Trust (NYSEArca: FXE) was 1.6% higher, CurrencyShares Japanese […]

EWU (iShares MSCI United Kingdom, Expense Ratio 0.52%)saw a tremendous amount of activity yesterday, resulting in more than $400 million entering the fund via creations. More than 15 million shares traded yesterday versus average daily volume of 1.72 million shares, and much like the recent flows we have seen in EWG (iShares MSCI Germany, Expense […]