CurrencyShares British Pound Sterling Trust ETF(FXB)- NYSEARCA
  • Mar. 12, 2013, 5:39 AM

    U.K. industrial production -1.2% M/M in January vs +1.1% in December and consensus of +0.1%. On year, -2.9% vs -2.1% and -1.1%. Manufacturing production -1.5% M/M vs +1.5% and unchanged. On year, -3% vs -1.6% and -1.1%. The pound dives from $1.4907 to $.1.4848 (-0.4% on the day) within minutes. (PR)

    | Mar. 12, 2013, 5:39 AM
  • Mar. 11, 2013, 7:26 AM

    Another decline in the pound (FXB) has it down to $1.4883, the lowest level in nearly 3 years. While most are focused the yen, the devaluation of cable is an even more impressive sight. What has changed is the appointment of Canada's Mark Carney as governor (he starts in July). Carney is no more dovish than current chief Mervyn King, but he's perhaps more open to experimenting with new easing measures.

    | Mar. 11, 2013, 7:26 AM | 6 Comments
  • Mar. 7, 2013, 7:06 AM

    Cable shoots higher after the BOE decision. About 40% of those surveyed expected the bank to boost its QE program after last meeting's minutes and some leading talk from Governor King, but it's Mark Carney's bank now - even if he doesn't start his job until July. Sterling (FXB) +0.3% to $1.5057.

    | Mar. 7, 2013, 7:06 AM | 2 Comments
  • Mar. 1, 2013, 7:36 AM

    U.K.'s February PMI dives to 47.9, missing expectations (51) by a mile. New Orders came in at 46.6. Backlogs of work  - "the rate of reduction was marked ... The return to contraction of the manufacturing sector is a big surprise and represents a major setback," says Markit. The pound (FXB) goes whoosh, now -0.9% and buying $1.5033.

    | Mar. 1, 2013, 7:36 AM | 1 Comment
  • Feb. 27, 2013, 4:51 AM

    U.K. Q4 GDP -0.3% Q/Q vs +1% in Q3 and as initially estimated, while on year, GDP revised up to +0.3% from flat. Sterling was higher vs the dollar but takes a bit of a dive after the data is released and is now -0.1% at $1.5108. The FTSE also loses its gains and is flat. (PR)

    | Feb. 27, 2013, 4:51 AM
  • Feb. 26, 2013, 7:53 AM
    Cable's (FXB) post-downgrade rally is snuffed out as BOE member Paul Tucker - testifying in parliament - says sterling is too strong and even talks of negative interest rates. The U.K. unit is now flat on the session at $1.5165.
    | Feb. 26, 2013, 7:53 AM
  • Feb. 25, 2013, 3:04 PM

    One could have done a lot worse today than fading loud reflexive moves Sunday afternoon in the yen (FXY) and the pound (FXB). Both opened down big after important, but likely price-in news, and 24 hours later they're trading higher, the yen sharply so.

    | Feb. 25, 2013, 3:04 PM | 2 Comments
  • Feb. 25, 2013, 10:19 AM
    The U.K.'s AAA rating was a white elephant, writes Jim Leaviss, and Moody's has done the country a favor by eliminating it. Best of all, he says, the change came before the March budget, meaning the government - relieved of the AAA burden - can engage in a bit of fiscal stimulus. The FTSE +0.5%, but EWU - thanks to cheaper pounds (FXB) - is off 0.7%.
    | Feb. 25, 2013, 10:19 AM | 1 Comment
  • Feb. 24, 2013, 5:12 PM
    The yen (FXY) opens 1% weaker vs. the dollar on news of a dovish selection for BOJ Governor. Sterling (FXB) opens -0.7% vs. the greenback following the Friday evening downgrade of the U.K. credit rating. At $1.5077, the pound is at its weakest level vs. the dollar in more than 2 years. It bottomed at around $1.35 during the financial crisis.
    | Feb. 24, 2013, 5:12 PM
  • Feb. 23, 2013, 11:01 AM
    A political bee sting, the Moody's downgrade of the U.K. has Treasury Chancellor Osborne pledging a redoubling of government deficit-cutting efforts. Those interested in a currency punt might have a look at buying pounds (FXB). Already fallen off a cliff in 2013, the downgrade sent sterling hurtling even lower in thin late trading. If this ratings action is as meaningless as most other sovereign downgrades, a sharp bounce may lie ahead.
    | Feb. 23, 2013, 11:01 AM | 6 Comments
  • Feb. 20, 2013, 11:20 AM

    U.K. inflation is high and likely to go higher, according to the BOE (which seems just fine with that), but it's even worse than that, according to Tullett Prebon's Tim Morgan. He's compiled an essentials index and it's risen 33% since 2007 vs. incomes up just 10%. The current rate of 4% is more than 100 bps over the official number. FXB -6% YTD.

    | Feb. 20, 2013, 11:20 AM | 2 Comments
  • Feb. 20, 2013, 7:00 AM
    Cable (FXB) whooshes down and continues a brutal 2013 selloff after BOE minutes suggest a move towards additional QE. Buying $1.5307, the pound is now off 10 big figures vs. the dollar in 2013 and trading at its lowest level in more than a year. It's at its lowest vs. the euro in about 18 months.
    | Feb. 20, 2013, 7:00 AM | 3 Comments
  • Feb. 13, 2013, 7:21 AM
    No currency wars here. Sterling renews its sharp 2013 decline as BOE Governor King has a "what me worry" attitude about the bank's forecast inflation is set to rise to 3%, and will stay above its 2% target until 2016. "This is not the result of easy monetary policy, nor does it reflect what's going on in the economy." When is King's retirement again? FXB -3.7% YTD.
    | Feb. 13, 2013, 7:21 AM | 15 Comments
  • Feb. 7, 2013, 4:02 PM

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    | Feb. 7, 2013, 4:02 PM
  • Feb. 7, 2013, 7:19 AM

    More from the Bank of England: Coming to a Fed decision near you? "CPI inflation is likely to rise further in the near term and may remain above the 2% target for the next two years ... it (is) appropriate to look through the temporary, albeit protracted, period of above-target inflation."

    | Feb. 7, 2013, 7:19 AM
  • Feb. 7, 2013, 7:15 AM
    Upstaging the BOE rate decision is future Governor Mark Carney's testimony (live here) to parliament. "The bar for (policy) alteration is very high," he says, suggesting the dove dream of NGDP targeting coming to the Bank isn't so sure. The FTSE (EWU) quickly gives up 30 points, now -0.3%. Sterling (FXB) +0.3%.
    | Feb. 7, 2013, 7:15 AM
FXB Description
CurrencyShares British Pound Sterling Trust is designed to track the price of the British Pound Sterling net of Trust expenses, which are expected to be paid from interest earned on the deposited British Pound Sterlings.
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Country: United Kingdom
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