CurrencyShares British Pound Sterling Trust ETF (FXB) - NYSEARCA
  • Sep. 27, 2011, 9:41 AM

    The CBI reports its U.K. September retail sales index falling to -15 from -14 in August. It's the weakest reading since May 2010, but in line with expectations. The future outlook is even worse, with expected orders dropping to -19, the lowest level since September 2009.

    | Sep. 27, 2011, 9:41 AM | 1 Comment
  • Sep. 21, 2011, 2:42 PM

    The dollar is moving solidly higher across the board, as markets' initial take is less-than-hoped for priming from the Fed. One currency of note is the loonie, where the greenback has popped above parity to its highest level in 2011.

    | Sep. 21, 2011, 2:42 PM | 1 Comment
  • Sep. 21, 2011, 7:38 AM
    More from the BoE minutes: The bank also considered lowering its benchmark rate below 0.5%, "Operation Twist," and communicating to markets its intention to hold rates low for a long time. The members concluded that none of these options would be as effective as additional asset purchases, which look certain by November at the latest.
    | Sep. 21, 2011, 7:38 AM
  • Sep. 21, 2011, 6:03 AM
    BOE came close to voting for more bond purchases at its September meeting (minutes), with economic growth seen "materially weaker" than as recently as August. The minutes "strongly suggest that QE2 is set to be launched in the very near future," one economist said.
    | Sep. 21, 2011, 6:03 AM | 1 Comment
  • Sep. 19, 2011, 4:32 PM
    A wrench is thrown into the U.K.'s plan to cut the deficit as it is shown more of the shortfall is not caused by the slow economy, but is instead permanent. The calculation adds £12B, or 25%, to the structural deficit. Officials are holding "agonized discussions" on whether to add to austerity measures to account for this new reality.
    | Sep. 19, 2011, 4:32 PM
  • Sep. 13, 2011, 7:12 AM

    Stagflation continues to be the word in the U.K. with inflation rising to 4.5% in August from 4.4% previously. In a required explanation letter, BoE Gov. King blames temporary factors such as a bump in sales taxes and a rise in global energy prices. London -0.2%.

    | Sep. 13, 2011, 7:12 AM | 1 Comment
  • Sep. 8, 2011, 6:52 AM

    The Bank of England is to release the results of this month's monetary policy meeting at 7 ET. No changes are expected, but - given recent financial market shudders and poor economic data - a surprise announcement isn't out of the question.

    | Sep. 8, 2011, 6:52 AM
  • Sep. 8, 2011, 6:48 AM

    The NIESR estimates U.K. GDP grew 0.2% in the quarter ending in August vs. 0.6% in the quarter ending in July. Should this weakness continue for a few more months, the group sees the BoE beginning another round of QE. (PR)

    | Sep. 8, 2011, 6:48 AM
  • Sep. 7, 2011, 4:53 PM

    Neither the ECB nor the BoE are expected to change policy at their meetings tomorrow, but - given recent turbulence - a surprise cut in Europe and more QE in the U.K. cannot be ruled out. Of interest is sterling, at a 2 month low and unable to rally despite today's return to risk.

    | Sep. 7, 2011, 4:53 PM
  • Sep. 5, 2011, 6:45 AM

    U.K. August services PMI plunges to 51.1 (54.0 forecast) from 54.4 in July, the steepest fall since April 2001. "As the sector clings onto growth, purchasing managers are also suffering from a wavering trend in new business," says the Chartered Institute of Purchasing. Pound -0.6% vs. dollar. (PR)

    | Sep. 5, 2011, 6:45 AM
  • Sep. 1, 2011, 7:08 AM

    U.K. PMI falls to 49 in August from 49.4 previously. While the figure is a 26 month low, it beat forecasts for 48.5. After a brief pop on the news, cable returns -0.3% at $1.6211. (PR)

    | Sep. 1, 2011, 7:08 AM
  • Aug. 25, 2011, 10:09 AM
    Bank of England member Martin Weale - until recently advocating for higher interest rates - hints at more QE, saying "there is undoubtedly scope for further asset purchases." The remarks give a bit of a hit to sterling, which loses early gains to fall 0.1% to $1.6344.
    | Aug. 25, 2011, 10:09 AM | 1 Comment
  • Aug. 25, 2011, 7:32 AM

    The CBI reports its U.K August retail sales index falling to -14 vs. July's -5, slightly lower than expectations and the worst figure in more than a year. The expectations index sinks to -11, the lowest in 18 months. U.K. shares are reluctant joiners in today's "risk-on" move in Europe, +0.1%. The pound is flat.

    | Aug. 25, 2011, 7:32 AM
  • Aug. 19, 2011, 7:15 AM

    With market volatility showing itself in equities, the currency markets are again subdued. There is little to report other than to those who expected a sustained "risk off" move to benefit the dollar vs. sterling, aussie, and loonie. The greenback is catching a bid against those units, but it's pretty marginal. UUP remains near a 52-week low.

    | Aug. 19, 2011, 7:15 AM
  • Aug. 17, 2011, 8:17 AM

    U.K. jobless claims in July rise more than expected, increasing 37K M/M to 1.56M. The unemployment rate grows to 7.9% in Q2 from 7.8%, with the number of people out of work climbing 58K to 2.49M under the International Labour Organisation measure. (PR)

    | Aug. 17, 2011, 8:17 AM
  • Aug. 17, 2011, 4:58 AM

    The BOE's Monetary Policy Committee voted 9-0 to keep interest rates at a record low of 0.5% on Aug. 4, the minutes of its meeting show (.pdf), with two members dropping previous calls for a hike.

    | Aug. 17, 2011, 4:58 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.
See more details on sponsor's website
Country: United Kingdom
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub