Durable Goods Order Glass Half Empty ... Still
Marc Chandler
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Fri, May 24
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2013 Forex Outlook: More Of The Same For The British PoundDr. Duru • Wed, Dec 26, 2012
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Durable Goods Order Glass Half Empty ... StillMarc Chandler • Fri, May 24
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Tongue Tied Fed Makes For No Easy DecisionsDean Popplewell • Fri, May 24
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Flavor Of The Day In FX: ConsolidationMarc Chandler • Mon, May 20
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Next Week's Economic Releases You Don't Want To MissFXstreet • Fri, May 17
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Being A Persistent Dollar Bull Is Hard WorkDean Popplewell • Wed, May 15
There are no Transcripts on FXB.
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at CNBC.com (Jan 5, 2012)
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at CNBC.com (Jan 25, 2011)
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at CNBC.com (Jul 12, 2010)
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at MarketWatch.com (Jun 18, 2010)
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at CNBC.com (Jun 9, 2010)
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at CNBC.com (Jun 9, 2010)
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at CNBC.com (Jun 7, 2010)
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at CNBC.com (May 4, 2010)
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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
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
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Tuesday, January 22, 2:56 PM
Sterling takes a big drop as BOE Governor King hints at additional QE, telling an audience Q4 GDP will likely be considerably weaker than Q3, and the bank stands ready for more stimulus "if needed." Cable is flat and buying $1.5840 vs. $1.5870 moments ago.
Comment! [Global & FX, Breaking News] - Monday, January 21, 5:36 AM With the eurozone looking a bit more secure, for now, and traders looking for new trends to bet on, the pound could lose its "safe-haven" status due to rising doubts about the U.K.'s future in the EU, says UBS analyst Shahab Jalinoos. The government might not mind if sterling would weaken a bit, although they might be concerned about a possible sell-off of gilts, which would push up borrowing costs. The pound is -0.8% at $1.5873. Comment! [Global & FX]
- Monday, January 7, 1:15 PM Thanks to the EU debt crisis and fiscal follies in the U.S., the U.K. has managed to stay out of the papers, but the country's "frailties (will) emerge from the shadows," says HSBC. A sovereign downgrade looms, says the bank, and with it, a falling pound - which should help exports and stock prices. Comment! [Global & FX]
- Wednesday, December 19, 2012, 7:36 AM Sterling continues to rise against the greenback (a new 2012 high today), but it's weaker vs. the euro after the BOE complains about its strength (meeting minutes earlier). "The deterioration in U.K. competitiveness over the past couple of years represented a potential headwind to the ability of U.K. exporters to benefit from a pickup in global growth." FXB +4.3% YTD. Comment! [Global & FX]
- Thursday, December 13, 2012, 12:32 PM The U.K.'s credit outlook is moved to negative from stable at S&P, which affirms, for now, the country's AAA rating. "We now expect the U.K.'s net general governent debt as a percentage of GDP to continue to rise in 2015." Cable slides, -0.3% to $1.6096. 1 Comment [Global & FX, Breaking News]
- Thursday, December 13, 2012, 10:29 AM Are bells ringing for bond bears? First incoming BOE Governor Mark Carney lauds the idea of nominal GDP targeting, then the Fed axes its inflation target in favor of a focus on lower unemployment. Now U.K. Treasury Chancellor Osborne says he would consider scrapping that country's 2% inflation target in exchange for something more growth-oriented. 4 Comments [Global & FX]
- Wednesday, December 12, 2012, 11:29 AM Is nominal GDP-level targeting coming to the U.K.? The dream of Keynesians for years, NGDP targeting has the central bank focusing on a certain level of economic activity rather than inflation as a goal, and current BOC, but soon-to-be BOE Governor Carney spoke admirably of the tool yesterday. 3 Comments [Global & FX]
- Wednesday, December 12, 2012, 8:47 AM I want this guy's job. HSBC's David Bloom says the pound would be put under severe pressure should the U.K. be downgraded next year. "What I'm really worried about next year is that the U.K. will look like the ugliest out of the three ugly sisters." Meanwhile, cable +0.2% to $1.6138 amid sliding unemployment reported this morning. Comment! [Global & FX]
- Wednesday, December 5, 2012, 1:34 PM "Missing the target weakens the credibility of the U.K.'s fiscal framework," says Fitch, opining on the government postponing its goal of reducing the debt/GDP ratio. "This (was) one of the factors supporting the (AAA) rating," the agency ominously adds, promising a formal review in 2013. Comment! [Global & FX]
- Wednesday, December 5, 2012, 7:58 AM More on the Autumn Statement: Sterling and Gilts show little reaction to Osborne saying the goal of a falling debt/GDP ratio will not be hit until 2017/18, a year further out than planned. Comment! [Global & FX, Breaking News]
- Monday, November 26, 2012, 12:26 PM "Governor Carney may be prepared to engage in more 'unconventional' forms of QE," is Goldman's quick take on the appointment of its former employee as next chief of the Bank of England. Sterling has given back much of its big jump following the announcement, now -0.1% and buying $1.6016. 1 Comment [Global & FX]
- Monday, November 26, 2012, 10:48 AM Sterling rallies after what will be considered a coup for the Cameron government in nabbing Canada's Mark Carney as Bank of England Governor. Carney is also head of the global Financial Stability Board and was the target of a Jamie Dimon tirade over his insistence on tough bank capital rules. Carney's 5-year term is set to being on July 1. Lower earlier, cable is now flat at $1.6026. Canada's loonie weakens by about 15 pips. 5 Comments [Global & FX]
- Wednesday, November 21, 2012, 7:54 AM The Bank of England's MPC shows a bit of introspection mostly absent from the FOMC, its 8-1 vote to end QE earlier this month coming as members questioned the program's effectiveness. "There was a question over the magnitude of the impact of ... higher asset prices on the boarder economy at the current juncture." (full minutes) Comment! [Global & FX]
- Wednesday, November 14, 2012, 5:05 PM The U.K.'s Aaa rating with negative outlook will be revisited by Moody's in early 2013, the agency says in its annual report on the country. The government's commitment to spending cuts underpins the rating, says Moody's, which nevertheless cautions weak economic growth reduces the ability to withstand fiscal or economic shocks. Comment! [Global & FX, Breaking News]
- Wednesday, November 14, 2012, 7:43 AM With the world focused on the maybe irrelevant fiscal cliff, Kevin Ferry notes a ratcheting up in the currency wars. After nearly 2 decades, the BOJ seems to be getting serious with its QE efforts, and the BOE just became even more of an arm of fiscal policy. If the Fed had tried this, the howls would be deafening. The dollar +1% vs. the yen, buying ¥80.13. 2 Comments [Global & FX]
- Wednesday, November 14, 2012, 6:56 AM "The Committee has not lost faith in asset purchases as a policy instrument," says BOE Governor King, warning the U.K. economy better get moving or it will be the subject of another round of QE. Much ado about nothing, says King, over the kerfuffle about the bank transferring interest payments it receives on its Gilt stash to the Treasury. Comment! [Global & FX]
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Ophir Chador
Mizuho Asset Management: Sell Sterling Against Loonie on Interest Rate Bet (FXB, FXC) -- http://bit.ly/9lCiAU - View all 0 replies
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ETFdesk
WaysToPlay: 'There's No Money Left,' U.K. Minister Learns http://bit.ly/bUOqxZ $EWU $FXB #ETF #MKT #UK #INFLATION #DEBT #FX - View all 0 replies
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Ophir Chador
UBS: Euro, Sterling Heading Significantly Lower Against Dollar (FXE, UBS, FXB). http://bit.ly/d1KwCq - View all 0 replies
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Ophir Chador
Bank of Tokyo: Sell sterling against the US dollar (FXB, UUP, UDN). http://bit.ly/boor4f - View all 0 replies
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Ophir Chador
British Pound (FXB) Higher on Coalition Hopes; Downtrend Likely to Resume http://bit.ly/b7uaqa - View all 0 replies
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