Looking ahead, many expect the Bank of England to enact more accommodative measures to help bolster the economy. In the post-Brexit environment, Martin Weale, one of the bank of England’s long-time hawks, is even beginning to turn dovish on their policy outlook.

Some ETFs have the potential to benefit from the sliding pound, namely currency hedged funds such as the Deutsche X-Trackers MSCI United Kingdom Hedged Equity ETF (NYSEArca: DBUK), iShares Currency Hedged MSCI United Kingdom ETF (NYSEArca: HEWU), WisdomTree United Kingdom Hedged Equity Fund (NasdaqGM: DXPS).

The iShares MSCI United Kingdom ETF (NYSEArca: EWU), the largest US-listed U.K. ETF, is not a currency hedged product.

Looking at “the three month continuation chart, we see that the Pound has continued to trade in a fairly tight range since the results of the EU referendum. The 20 day Simple Moving Average (SMA) and the 50 day SMA have converged. Both of these moving averages are now serving as a support level around the 1.3160 level,” adds OptionsExpress.

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CurrencyShares British Pound Sterling Trust