Carney has said “the central bank is committed to keeping interest rates low at least until the U.K. unemployment rate drops to 7%. The Bank of England doesn’t think the economy will get there till 2016, but markets are betting rates will rise by 2016.,” reports William L. Watts for MarketWatch.
The WisdomTree United Kingdom Hedged Equity Fund (NasdaqGS: DXPS), which is the DXJ equivalent for the British pound, could be in play if BoE surprises with exceptionally dovish commentary. DXPS, which debuted in late June, is the first equity-based ETF that offers a pure hedge against fluctuations in the British pound/U.S. dollar currency pair. [New ETF Shows Intimate Correlation to British Pound]
WisdomTree Japan Hedged Equity Fund
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of DXJ.