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CurrencyShares British Pound Sterling Trust ETF (FXB)

- NYSEARCA
  • Wed, Apr. 29, 11:32 AM
    | Wed, Apr. 29, 11:32 AM | 1 Comment
  • Tue, Apr. 7, 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
    | Tue, Apr. 7, 4:50 AM | Comment!
  • Thu, Mar. 19, 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.
    | Thu, Mar. 19, 10:17 AM | Comment!
  • Thu, Mar. 19, 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)
    | Thu, Mar. 19, 8:04 AM | 2 Comments
  • Wed, Mar. 18, 2:15 PM
    | Wed, Mar. 18, 2:15 PM | 1 Comment
  • Wed, Mar. 18, 9:06 AM
    • Presenting the 2015 budget, U.K. Chancellor Osborne says the government intends on increasing the number of long-dated Gilts sold.
    • The move comes with rates near historic lows, and the the threat of more supply isn't worrying fixed-income players today - the 10-year Gilt yield is down ten basis points on the session to 1.62%.
    • Cable (NYSEARCA:FXB) is lower by 0.7% to about a 5-year low of $1.4640, and the FTSE (NYSEARCA:EWU) is the outlier to the upside in Europe, up 1%.
    • ETFs: EWU, EWUS, FKU, DXPS, DBUK, QGBR
    | Wed, Mar. 18, 9:06 AM | Comment!
  • Fri, Mar. 13, 10:30 AM
    • Another strong gain today in the dollar (UUP +0.6%) has pushed the dollar index through 100 for the first time since April 2003.
    • The greenback is up across the board, but particularly strong vs. the euro (FXE -0.9%), pound (FXB -1.1%), loonie (FXC -0.6%), and aussie (FXA -0.8%).
    • Alongside the rallying dollar, oil has erased its February bounce, and at $45.83 is now threatening to take out the bear market lows hit in late January. USO -2.8%
    | Fri, Mar. 13, 10:30 AM | 21 Comments
  • Fri, Mar. 6, 9:07 AM
    | Fri, Mar. 6, 9:07 AM | 1 Comment
  • Mon, Mar. 2, 5:58 AM
    • U.K. manufacturing growth hit a seven-month high in February as domestic strength offset weakness in Britain’s main export markets.
    • "This reinforces the picture of a broader growth revival in the U.K. so far in the opening quarter," said Markit's Rob Dobson, but warned that the upturn relied on the manufacture of consumer goods, rather than plant and machinery which would reflect improving business investment.
    • Markit's PMI rose a full point to 54.1 from a revised 53.1 last month, beating all economists' forecasts.
    • The pound is down 0.2% at $1.5414, while the FTSE 100 is +0.3%.
    • ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK
    | Mon, Mar. 2, 5:58 AM | Comment!
  • Thu, Feb. 26, 9:00 AM
    • Core CPI gained 0.2% in January, double expectations, even as the oil-influenced headline number tumbled 0.7%.
    • The only thing barely holding back Fed rate increases at this point is too-low inflation, and if core CPI is going to start printing 0.2% on a monthly basis, markets probably ought to start pricing in at least a small series of rate boosts.
    • The dollar bull ETF (NYSEARCA:UUP) is up 0.6% premarket, with the greenback nicely in the green against the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), pound (NYSEARCA:FXB), swissie (NYSEARCA:FXF), and aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    • There were also a couple of not-so-hot economic numbers earlier: Durable goods ex-transport fell short of expectations, and jobless claims jumped well past consensus.
    | Thu, Feb. 26, 9:00 AM | Comment!
  • Wed, Feb. 18, 6:16 AM
    • Bank of England officials voted unanimously to leave the central bank’s benchmark interest rate unchanged at 0.5% this month and the stock of assets purchased under its bond-buying program unchanged at £375B.
    • Although a unanimous opinion was reached today, one member of the panel concluded the next change in monetary policy in Britain was roughly just as likely to be a loosening as a tightening.
    • The pound is -0.3% at $1.1380, while the FTSE 100 is +0.1%.
    • ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK
    | Wed, Feb. 18, 6:16 AM | Comment!
  • Tue, Feb. 17, 6:01 AM
    • U.K. inflation fell more than economists forecast in January, dropping to a record low as food and fuel prices tumbled.
    • Consumer-price growth slowed to 0.3% from 0.5% in December, the lowest since the data series began in 1989. Economists had forecast a 0.4% rate in January.
    • As the Bank of England cut its near-term inflation projections last week to reflect the drop in oil prices, Governor Mark Carney warned the rate could fall into deflationary territory in the coming months.
    • The pound is +0.2% at $1.5391, while the FTSE 100 is +0.5%.
    • ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK
    | Tue, Feb. 17, 6:01 AM | 3 Comments
  • Thu, Feb. 12, 7:29 AM
    • The pound (NYSEARCA:FXE) popped more than 100 pips in minutes about two hours ago after the Bank of England's quarterly inflation report forecast inflation returning to above the 2% target level in three years.
    • Speaking at a press conference, Governor Mark Carney says the bank will look through the current slump in energy prices, making the next move in monetary policy a rate hike.
    • Europe is rallying today on a Ukraine cease-fire deal, but the FTSE (NYSEARCA:EWU) isn't participating, up just 0.1%. The pound is higher by 0.8% to $1.5349.
    • ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK, QGBR
    | Thu, Feb. 12, 7:29 AM | 1 Comment
  • Wed, Jan. 21, 10:33 AM
    • Two BOE policy makers had been voting for rate hikes since August, but backed down from that stance at the last meeting (early January), according to the minutes.
    • It wasn't long ago investors were pricing in a U.K. rate hike in late 2014, but now markets have backed off all the way to Q2 of 2016. At issue now are the downside risks to inflation after the rate fell to just 0.5% in December vs. the bank target of 2%. Behind that drop, however, is oil, whose decline could actually boost the medium-term risks for higher inflation, says the BOE.
    • The pound (NYSEARCA:FXB) is lower by 0.2% at $1.5111, and the FTSE (NYSEARCA:EWU) is Europe's big gainer today, up 0.8%.
    • ETFs: EWU, EWUS, FKU, DXPS, DBUK, QGBR
    • Previously: Unexpected rate cut for Canada (Jan. 21)
    • Interesting times: Canada unexpectedly cuts rates, the BOE is postponing rate hikes, and the ECB is set to launch QE, but the Fed seems heck-bent for tightening policy by mid-year.
    | Wed, Jan. 21, 10:33 AM | Comment!
  • Thu, Jan. 15, 10:32 AM
    • Europe initially knee-jerked lower on the SNB's shock decision to abandon the CHF 1.20 floor for euro/franc, but has since turned sharply higher as investors mull the salutary effects of a much cheaper euro, now down 1.4% vs. the greenback and 12.8% vs. the swissie. FXE -1.4%
    • The Stoxx 50 (NYSEARCA:FEZ+2.3%, Germany (NYSEARCA:EWG+2.2%, France (NYSEARCA:EWQ+2.5%, Italy (NYSEARCA:EWI) +2.8%, Spain (NYSEARCA:EWP+1.5%. The U.K. (NYSEARCA:EWU) - where the pound (NYSEARCA:FXB) is lower by 0.3% vs. the dollar and 11.8% vs. the franc - is ahead by 1.5%.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Previously: Swatch boss: "Tsunami" just hit Swiss exporters (Jan. 15)
    | Thu, Jan. 15, 10:32 AM | 1 Comment
  • Thu, Jan. 8, 7:30 AM
    • The Bank of England maintains its benchmark rate at 0.5% and leaves the QE program dormant at £375B.
    • Cable (NYSEARCA:FXB) remains modestly lower on the session at $1.5059.
    | Thu, Jan. 8, 7:30 AM | Comment!
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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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