Is FXB a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

460 people get FXB articles and Market Currents by email alert.

Get email alerts on FXB »

FOCUS | PRO | RELATED | TRANSCRIPTS | NEWS & PR

The British Pound Is A Bargain
Dr. Duru • Sun, May 19 • 7 Comments
Strong GDP Makes British Pound A Buy
Richard Cox • Fri, Apr 26 • 8 Comments
Week Of Major Currency Shifts Flips Me Bullish Australian And British Currencies
Dr. Duru • Sun, Apr 7 • 5 Comments
British Currency ETF Drops As Pound Sterling Hits 3-Year Low
Tom Lydon • Fri, Feb 22
Where The Pound Has Fallen, The Euro Should Soon Follow
Dr. Duru • Thu, Feb 21
2013 Forex Outlook: More Of The Same For The British Pound
Dr. Duru • Wed, Dec 26, 2012
British Pound Continues To Break Down Ahead Of Q3 GDP Numbers
Dr. Duru • Tue, Oct 23, 2012 • 2 Comments
Austere Trouble Brewing For The British Pound
Dr. Duru • Wed, Oct 10, 2012
Commodity Chart Of The Day: British Pound
Matthew Bradbard • Tue, Sep 25, 2012 • 3 Comments
The British Pound Is Back In Fashion
Dr. Duru • Sun, Sep 2, 2012 • 8 Comments
British Pound Breaks Out After Uneventful Summer Olympics In London
Dr. Duru • Mon, Aug 27, 2012 • 4 Comments
Changing Back To A Bearish Strategy On The British Pound
Dr. Duru • Fri, Jul 13, 2012 • 3 Comments
Pounding Away In June
Sunil Sharma • Fri, Jun 29, 2012
So Far So Good On Buying Dips In British Pound
Dr. Duru • Tue, Jun 19, 2012
Tuesday's ETF Chart To Watch: CurrencyShares British Pound Sterling Trust
Stoyan Bojinov • Tue, Jun 19, 2012
Bank Of England's Inflation Report Provides No Cheer For The British Pound
Dr. Duru • Mon, Jun 4, 2012
Austerity Under Fire: One Of Several Economic Drags On The U.K. Vs. The U.S.
Dr. Duru • Mon, Apr 30, 2012 • 6 Comments
Wednesday's ETF Chart To Watch: CurrencyShares British Pound Sterling Trust
Stoyan Bojinov • Wed, Mar 21, 2012
Key Bank Of England Rate Decision Brings CurrencyShares British Pound Sterling Trust Into Focus
Michael Johnston • Thu, Nov 10, 2011
Spotlight On CurrencyShares British Pound Sterling Trust ETF
Tom Lydon • Fri, Oct 7, 2011

To learn more about Seeking Alpha Pro, click here.

Are EUR Bulls Prepared For The FOMC Decision?
Dean Popplewell • Wed, Jun 19
Market Waits For Bernanke To Turn On The Light
Dean Popplewell • Tue, Jun 18
Dollar Mostly Firmer, Data Ignored As Market Awaits Fed
Marc Chandler • Tue, Jun 18
Squeezed To Square: A False EUR Bid Into FOMC?
Dean Popplewell • Mon, Jun 17
Fed And Flash PMIs Dominate The Week Ahead
Marc Chandler • Mon, Jun 17 • 3 Comments
4 Reasons To Buy Back The Dollar
Tim Clayton • Sun, Jun 16 • 5 Comments
Dollar Downside Not Over?
Marc Chandler • Sun, Jun 16
Economic Surprises Keep Dollar Bid
Marc Chandler • Fri, Jun 14 • 1 Comment
EUR Bulls And Bears End Week Licking Wounds
Dean Popplewell • Fri, Jun 14
Markets Calmer Going Into The Weekend
Marc Chandler • Fri, Jun 14
Yen Soars While Dollar Stabilizes
Marc Chandler • Thu, Jun 13 • 16 Comments
Asset Price Recalibration Has The EUR And Yen In Demand
Dean Popplewell • Thu, Jun 13
Annals Of Market Manipulation, FX Edition
Felix Salmon • Thu, Jun 13 • 4 Comments
Hump Day: Fragile Stabilization Of The Global Capital Markets
Marc Chandler • Wed, Jun 12
Euro Facing No Immediate Opposition
Dean Popplewell • Tue, Jun 11
Yen Rallies, Dollar-Bloc Sinks, Stocks Slide -- Tumultuous Tuesday
Marc Chandler • Tue, Jun 11
Draghi Failed To Feed The EUR Bear - Is Everything Yen Flavored?
Dean Popplewell • Mon, Jun 10
The Yen And Australian Dollar Tumble, Other Majors Little Changed
Marc Chandler • Mon, Jun 10
First Phase Of Correction Over, Dollar To Recover
Marc Chandler • Sat, Jun 8 • 5 Comments
Week In FX Europe - German Bond Traders Just As Bewildered As FX Dealers
Dean Popplewell • Fri, Jun 7

There are no Transcripts on FXB.

Your First Move For Friday January 6th

at CNBC.com (Jan 5, 2012)
Brian Kelly: 3 American Trades From Britain's Shocking GDP

at CNBC.com (Jan 25, 2011)
Your First Move For Tuesday July 13th

at CNBC.com (Jul 12, 2010)
Weekend Investor: Cash in on currency shocks with these funds, ETFs

at MarketWatch.com (Jun 18, 2010)
Ultimate Contrarian Trade: Buy Euro

at CNBC.com (Jun 9, 2010)
Halftime Pt. 1: Bet Bullish Because Of Big Ben?

at CNBC.com (Jun 9, 2010)
Halftime Pt. 1: Can S&P Hold 1060?

at CNBC.com (Jun 7, 2010)
Halftime: 5 US Companies That May Have Big Europe Risk

at CNBC.com (May 4, 2010)
Halftime: European Storm Gathering?

at CNBC.com (Apr 28, 2010)

FXB vs. ETF Alternatives

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

Key Info

In Your Portfolio: A Guide to Currency ETFs and ETNs
Asset Class Performance: Currencies

All
| Earnings
| Dividends
| M&A
| On the move

Thursday, June 6, 12:28 PM Unusual given past patterns, the dollar (UUP -1.7%) is being unloaded across the board and in size along with stocks selling off. The euro (FXE +1.5%), cable (FXB +1.8%), the yen (FXY +3.1%), the aussie (FXA +1.1%), and the loonie (FXC +1.3%) are all sharply higher vs. the greenback. The Dow's now off 86 points. 14 Comments [Global & FX, On the Move]
Wednesday, May 22, 7:19 AM The IMF calls for more forceful action on monetary policy in its latest report on the U.K. The agency is likely to get its wish with the only thing seemingly holding back the BOE from easier policy being a wait for a new sheriff to arrive (Mark Carney in July). On fiscal policy, the IMF says take it easy on austerity, suggesting a corporate tax cut paid for by broadening the VAT tax base. Excuse me? Already lower on the session, cable (FXB) snores through the report. The FTSE (EWU) is flat, continuing at a 12-year high. Comment! [Global & FX, Breaking News]
Wednesday, May 22, 5:04 AM Minutes from the Bank of England's latest policy meeting show the committee's vote to keep rates unchanged was unanimous while three out of nine members (including Mervyn King) voted to increase the size of the central bank's asset purchases by £25B. Sterling (FXB) moves 0.44% lower against the greenback to 1.5094. Comment!
Tuesday, May 21, 5:09 AM Inflation in the U.K. rose just 2.4% in April, a seven month low and down from 2.8% in March. Economists were expecting a reading of 2.6%. Core inflation came in at 2%, the lowest level in three-and-a-half years. Some economists now say consumer price increases may peak at 3% this summer rather than the forecasted 3.5%, and note that inflation may hit the Bank of England's 2% target by H1 2015. Sterling (FXB) declined against the dollar following the news, falling 0.54% to 1.517. Comment! [Global & FX]
Friday, May 17, 9:38 AM Did the Fed tighten while we were getting a cup of coffee? The greenback is soaring against all other currencies, with the dollar bull ETF (UUP) gaining 0.6% - an unusually large move for that vehicle. Strength against the yen (FXY -0.3%) and the aussie (FXA -0.9%) are givens of late, but the greenback is up about 1% vs. both the loonie (FXC) and the swissie (FXF), and about 0.6% vs. the euro (FXE) and cable (FXB). Getting hit are Treasurys (TLT -0.5%), the dollar bear ETF (UDN -0.6%) and of course, gold (GLD -0.7%). 5 Comments [Global & FX]
Wednesday, May 15, 8:24 AM The euro (FXE) falls 0.5% against the dollar after reports indicate France slipped into recession during Q1 and data out of Germany shows the eurozone's largest economy narrowly avoided a similar fate. Meanwhile, sterling (FXB) retraces earlier gains (posted after BOE's Mervyn King sounded an upbeat tone on the prospects for the U.K. economy) to trade flat against the greenback. Comment!
Thursday, May 9, 3:06 PM The dollar (UUP +1%) is soaring across the board (not just against the yen, where it's now spiked through ¥100 to ¥100.56). The greenback is threatening parity vs. the aussie (FXA -1.1%) for the first time since last summer, and the euro (FXE -1.1%), swissie (FXF -1.4%), loonie (FXC -0.5%), and pound (FXB -0.6%) are seeing sizable declines as well. Commodities? Red. Gold (GLD -1.1%), Silver (SLV -1.2%), Oil (USO -0.6%), Copper (JJC -0.8%). 5 Comments [Global & FX, Commodities, On the Move]
Thursday, May 9, 7:05 AM Already higher ahead of the BOE policy decision, sterling (FXB) tacks on about 20 pips as a few traders were likely short on the possibility the bank surprised by re-launching its asset purchase program. The pound +0.3% at $1.5578. The FTSE (EWU) remains as it was, flat on the session. Comment! [Global & FX]
Monday, April 29, 3:09 PM Excitement for shorting the yen (FXY) has cooled among BAML's hedge fund clients, according to the firm's latest Macro Monitor. More or less a one-way trade for many months, the dollar hit a ceiling of ¥100 earlier this month and has fallen back (currently ¥98). Another popular short, the British Pound (FXB) has been costing traders money and forcing them to cover, a trend BAML suggests isn't fully played out. Comment! [Global & FX]
Thursday, April 25, 4:37 AM U.K. Q1 GDP +0.3% M/M vs -0.3% in Q4 and consensus of +0.1%; on year, +0.6% vs +0.2% and +0.3%. The pound (FXB) spikes as the U.K. avoids a triple-dip recession, and is +0.9% vs the dollar, although the FTSE remains lower at -0.3%. (PR) 1 Comment [Global & FX, Top Stories, Breaking News, On the Move]
Wednesday, April 24, 12:21 PM Fitch follows up on its downgrade of the U.K. by cutting the Bank of England to AA+ from AAA. "While central banks have unlimited capacity to create base money ... the profit from money creation is limited and typically channelled to the government. This reinforces the close link between the central bank and the sovereign ratings." Earlier Fitch stripped 3 Oxford colleges of their AAA. Cable (FXB) snoozes, up a few pips to $1.5250. Comment! [Global & FX, Breaking News]
Monday, April 22, 11:47 AM The FTSE sports the slightest of hangovers, losing 0.1% (EWU -0.1%) as the rest of Europe (FEZ +0.5%) moves higher following Friday's post-close credit rating downgrade of the U.K. The news is a snoozer in the Gilt market, the 10-year yield falling 2 bps to 1.65%. Cable (FXB +0.2%) had given up some ground Friday afternoon, but gained it back today. Comment! [Global & FX]
Friday, April 19, 12:28 PM "This is a stark reminder that the U.K. cannot simply run away from its problems," says the U.K. Treasury, responding to the Fitch downgrade. "Though it is taking time, we are fixing this country's economic problems." Cable's (FXB -0.3%) taking on a little more water now vs. the greenback, but the slide vs. the euro (FXE) today is a bit more dramatic. 1 Comment [Global & FX, Breaking News]
Friday, April 19, 12:11 PM The U.K. loses its AAA credit rating from Fitch, the agency downgrading to AA+ with stable outlook. The move is somewhat expected given Fitch had placed the country on negative watch a month ago. "The downgrade ... primarily reflects a weaker economic and fiscal outlook." Already lower on the session, cable sheds a few more pips, FXB -0.2%. 7 Comments [Global & FX]
Wednesday, April 17, 4:40 AM The Bank of England's Monetary Policy Committee again voted unanimously to keep interest rates at 0.5% at a meeting earlier this month and 6-3 against more quantitative easing, the minutes show. As in February and March, Governor Mervyn King was among those wanting the bank to increase the program by another £25B to £400B. The pound, which was already lower, is -0.3% vs dollar. (PR) Comment! [Breaking News, Global & FX, Top Stories]
Tuesday, April 9, 5:01 AM U.K. trade deficit in goods widens to £9.42B in February from £8.17B in January and vs consensus of £8.55B; total trade deficit widens to £3.64B from £2.49B. Exports -1.1% M/M, imports +1.7%. The largest drop in exports was in goods to non-EU countries (4.7%). Following trade and industrial production data, pound is +0.4% vs the dollar, while the FTSE pairs earlier gains and is +0.4%. (PR) Comment! [Global & FX]

ltfinger
Today's Potential Upgrades (3/14/13): $ASML, $ATW, $BSFT, $BXP, $CRI, $CRUS, $EQR, $ESV, $FXB, $HBC, $HUM, $KORS, $LO, $NE, $RS, $WYNN
Mar 15, 9:36 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

x oil -field
Eurozone crisis live: UK manufacturing slump raises risk of triple-dip. $GBB http://bit.ly/W4WtAM $FXB The Guardian
Mar 12, 6:35 AM
Reply (1)

• !Report Abuse
View all 1 replies
x oil -field: Matt Lauer in damage control mode as he admits NBC botched Ann Curry exit. http://bit.ly/Y7K9fo The Guardian
Mar 12, 6:52 AM
• !Report Abuse
Add a reply...

140 characters

x oil -field
Another decline in the pound $FXB has it down to $1.4883, the lowest level in nearly 3 years. http://seekingalpha.com/n/iu85 $GBB
Mar 11, 7:57 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Dr. Duru
Bearish Signals Converge Into Flashpoint: http://bit.ly/XymgAm $SPY VIX $VXX $FXE $FXA $FXB $FXY $FXF
Feb 26, 12:47 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

x oil -field
Bloomberg: Pound Falls to 16-Month Low Versus Euro on Downgrade; Gilts Drop. $FXB http://bloom.bg/VHMPCD $UUP
Feb 25, 6:32 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Option Millionaires
Elliott Wave trading setup on the British Pound (FXB). Very low risk, very high reward! http://bit.ly/TITw2w
9/1/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Cliff Wachtel
US JOBS REPORTS have big ramifications 4 markets, especially the USD. see latest instablog for more & how to profit UUP, FXE, FXB, EUO FXJ
4/1/11
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Cliff Wachtel
GBP up 2nd day on strong retail report Friday, hawkish MPC words,Bean 3rd hawk? -Feb 23 MPC meeting next big test Long GBP, its ETF (FXB)
2/18/11
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Cliff Wachtel
Bank of England dovish despite inflation, USDGBP bias lower, 1.6175 key daily resistance bias SHORT FXB, binary option bias to puts
2/16/11
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Cliff Wachtel
rally just a bounce-wait 4 end as S&P 500 hits 1130-70 zone-3%-6% max left-see new posts-then short stox, risk fx SPY FXA FXE AUNZ FXB etc
9/6/10
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

LATEST REPLIES

x oil -field
Eurozone crisis live: UK manufacturing slump raises risk of triple-dip. $GBB http://bit.ly/W4WtAM $FXB The Guardian
Mar 12, 6:35 AM
Reply (1)

• !Report Abuse
View all 1 replies
x oil -field: Matt Lauer in damage control mode as he admits NBC botched Ann Curry exit. http://bit.ly/Y7K9fo The Guardian
Mar 12, 6:52 AM
• !Report Abuse
Add a reply...

140 characters

FXB CurrencyShares British Pound Sterling Trust ETF

FXB

CurrencyShares British Pound Sterling Trust ETF