CurrencyShares British Pound Sterling Trust ETF
 (FXB)

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  • Dec. 9, 2015, 1:05 PM
    • The dollar index is off 1% today, and now lower by about 3% since Thanksgiving, though the move doesn't look like much more than a blip in the big bull market which began in the middle of 2014.
    • At least today, the move lower is not just about the surging post-ECB meeting euro (FXE +1%). Also higher by more than 1% against the greenback are the pound (NYSEARCA:FXB) and yen (NYSEARCA:FXY). The commodity currencies - the loonie (NYSEARCA:FXC) and aussie (NYSEARCA:FXA) - continue to struggle, and are both lower on the session.
    • ETFs: UUP, UDN, FORX, USDU
    | Dec. 9, 2015, 1:05 PM | 5 Comments
  • Oct. 9, 2015, 12:30 PM
    • A stealth commodity index, the FTSE 100 gained 0.7% today to close higher by 4.7% on the week - its best weekly performance since Dec. 2011.
    • A turnaround in commodity prices was key, with Glencore continuing its monster bounce, gaining another 25% or so in the last five sessions.
    • Also helping was a dovish-leaning statement from the Bank of England as it help policy steady yesterday.
    • The iShares MSCI U.K. ETF (NYSEARCA:EWU) is up a more modest 3% on the week.
    • ETFs: FXB, EWU, GBB, EWUS, DXPS, FKU, QGBR, DBUK, HEWU, UK
    | Oct. 9, 2015, 12:30 PM
  • Oct. 8, 2015, 7:47 AM
    • As expected, the Bank of England holds policy steady - the overnight rate at 0.5% and the QE program dormant.
    • The accompanying statement, however, leans dovish, with the committee noting inflation still below target and "at least some spare capacity" in the economy. "The MPC intends to set monetary policy so as to ensure that growth is sufficient to absorb any remaining underutilized resources."
    • Cable dropped about 70 pips on release of the news, now off 0.1% at $1.5301. The FTSE 100 adds to its gains, now up 0.6% on the session.
    • ETFs: FXB, EWU, GBB, EWUS, DXPS, FKU, QGBR, DBUK, HEWU, UK
    | Oct. 8, 2015, 7:47 AM
  • Oct. 2, 2015, 8:54 AM
    | Oct. 2, 2015, 8:54 AM | 16 Comments
  • Aug. 6, 2015, 7:21 AM
    • The decision to keep the benchmark rate at 0.5% was expected, but most economists predicted at least two of the nine on the MPC would push for tightening. The vote, however, was 8-1.
    • Alongside that, the BoE also cut its inflation forecast to 0.3% from the 0.6% predicted in May. Inflation should accelerate to 1.6% in 2016, says the central bank.
    • Dubbed "Super Thursday," the Bank of England for the first time released its rate decision, meeting minutes, and quarterly inflation report on the same day.
    • The pound tumbled about 120 pips on the news, now lower by 0.6% vs. the dollar at $1.5505.
    • Down modestly ahead the reports, the FTSE 100 has returned to flat.
    • ETFs: EWU, EWUS, DXPS, FKU, QGBR, DBUK, HEWU, FXB
    | Aug. 6, 2015, 7:21 AM | 2 Comments
  • Jul. 14, 2015, 8:31 AM
    • Time "is moving closer" towards a rate hike, Bank of England Governor Mark Carney tells a Treasury committee meeting. Flat earlier after the release of quiet U.K. inflation numbers, the pound jumps about 100 pips, now up 0.6% on the session at $1.5578.
    • ETFs: FXB, GBB
    | Jul. 14, 2015, 8:31 AM | 1 Comment
  • Jun. 29, 2015, 4:23 PM
    • Investors may think they have things figured out by buying dollars amid macro jitters, but that strategy had to be faded today. The dollar (UUP -0.6%) closed lower across the board, including a 0.3% decline vs. the euro (NYSEARCA:FXE) after having been about 1.5% higher in knee-jerk action reaction to Greece last night.
    • The dollar also lost 1.1% vs. the yen (NYSEARCA:FXY), 0.3% vs. the pound (NYSEARCA:FXB) and 0.6% vs the aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, FORX, USDU
    | Jun. 29, 2015, 4:23 PM | 5 Comments
  • Jun. 17, 2015, 2:19 PM
    | Jun. 17, 2015, 2:19 PM | 3 Comments
  • Jun. 5, 2015, 8:47 AM
    | Jun. 5, 2015, 8:47 AM
  • May 26, 2015, 1:44 PM
    • Europe's dealing with the usual worries about Greece and weekend election gains by the anti-austerity party in Spain may have some wondering about contagion. The Stoxx 50 ETF (NYSEARCA:FEZ) is lower by 2.9% as Monday's loss across the pond combines with Tuesday.
    • This morning, a trio of economic reports - durable goods, home prices, and new home sales - beat expectations, giving another boost the greenback.
    • The dollar's higher by 1% vs. the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), and aussie (NYSEARCA:FXA), and somewhat less vs. cable (NYSEARCA:FXB) and the Swiss franc (NYSEARCA:FXF). Buying ¥122.95, the greenback is at an 8-year high vs. the yen.
    • UUP +1.15%, UDN -1%
    • ETFs: UUP, UDN, FORX, USDU
    | May 26, 2015, 1:44 PM | 11 Comments
  • May 22, 2015, 8:55 AM
    • Core CPI rose 0.3% in April, the fastest pace since January 2013. Forecasts had been for just a 0.1% gain. Over the last 12 months, core CPI was up 1.8% in April, the same as March.
    • The overall CPI was higher by 0.1% in April and lower by 0.2% year-over-year.
    • The dollar bull ETF (NYSEARCA:UUP) is up 0.4% after the news. Against individual currencies, the greenback jumped about 100 pips vs. the euro (NYSEARCA:FXE), with similarly-sized moves vs. the aussie (NYSEARCA:FXA), loonie (NYSEARCA:FXC), swissie (NYSEARCA:FXF), yen (NYSEARCA:FXY), and cable (NYSEARCA:FXB).
    • ETFs: UUP, UDN, UUPT, UDNT, FORX, USDU
    | May 22, 2015, 8:55 AM | 3 Comments
  • Apr. 29, 2015, 11:32 AM
    | Apr. 29, 2015, 11:32 AM | 1 Comment
  • Apr. 7, 2015, 4:50 AM
    • The U.K. services PMI jumped to a seven-month high of 58.9 in March from 56.7 in February, boosted by a stronger rise in new business.
    • The latest PMI surveys indicate that the economy grew 0.7% in Q1, says Markit, following a slowdown late last year.
    • "Faster growth of new business and improved expectations...bode well for the upturn to retain strong momentum," says Markit, adding that the "the lack of inflationary pressures" suggest that a first rate hike "remains some way off."
    • The pound sinks and is -0.3% at $1.4837, while the FTSE 100 is +1.2%. (PR)
    • ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK, QGBR
    | Apr. 7, 2015, 4:50 AM
  • Mar. 19, 2015, 10:17 AM
    • There is as much of a chance of a rate cut as there is of a rate hike, says the BoE's Andy Haldane.
    • Full speech
    • Haldane does tend to lean dovish, but for a rate cut to be bandied about by an MPC member at a time when Governor Mark Carney has assured that the next move is up and could come soon, is of interest.
    • The pound (NYSEARCA:FXB) dips another 60 or so pips, now lower by 1.3% on the session to $1.4777.
    | Mar. 19, 2015, 10:17 AM
  • Mar. 19, 2015, 8:04 AM
    • The PowerShares U.S. Dollar Bull ETF (NYSEARCA:UUP) is up 0.9% premarket after diving 2% yesterday following the Fed's surprisingly dovish outlook.
    • The euro is particularly weak, down 1.5% to $1.07 after climbing over $1.10 in very fast trade after the close yesterday. The pound (NYSEARCA:FXB) is down 0.6%, the yen (NYSEARCA:FXY0.5%, loonie (NYSEARCA:FXC1%, swissie (NYSEARCA:FXF1.3%, and aussie (NYSEARCA:FXA1.4%.
    • ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    • Previously: Flash crash in the dollar (March 18)
    • Previously: Dollar off sharply as Fed slows rate hike estimates (March 18)
    | Mar. 19, 2015, 8:04 AM | 2 Comments
  • Mar. 18, 2015, 2:15 PM
    | Mar. 18, 2015, 2:15 PM | 1 Comment
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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