“The Goldman team noted that the pound tumbled 20% on a trade-weighted basis during the global financial crisis between July 2008 and March 2009, and the current account deficit moved from 3.4% of GDP to virtually zero,” according to the Guardian.
If the pound loses steam without dragging U.K. stocks lower, the Deutsche X-Trackers MSCI United Kingdom Hedged Equity ETF (NYSEArca: DBUK) and the WisdomTree United Kingdom Hedged Equity Fund (NasdaqGM: DXPS), two of the more unheralded members of the rapidly growing currency hedged ETF group, merit consideration. [Opportunity With Sterling Hedged ETFs]
CurrencyShares British Pound Sterling Trust
