“The interest rate at 0.5% is really too low and needs to be hiked,” James Kwok, head of currency management at Amundi, said in the article. “The BOE will need to continue raising interest rates,” if it wants to stop the housing market turning into a bubble, Kwok argued.

The CurrencyShares British Pound Sterling Trust is based off a deposit account denominated in British pound sterling.

The stronger British currency can also help bolster returns for United Kingdom ETFs that do not hedge against the pound sterling. For instance, the iShares MSCI United Kingdom ETF’s (NYSEArca: EWU) tracks U.K. companies and does not hedge its currency risk, so a rising U.K. market coupled with a stronger pound sterling would translate to greater U.S.-dollar returns. EWU has gained 2.6% over the past month, but it is down 0.5% year-to-date.

CurrencyShares British Pound Sterling Trust

For more information on the pound sterling currency, visit our British pound category.

Max Chen contributed to this article.