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HEADLINES:

Is GBP A Currency Crisis Waiting To Happen?
Kevin Lester • Mon, Mar 18 • 5 Comments
What Moody's Downgrade Of The U.K. Means: Nothing
Marc Chandler • Sun, Feb 24 • 4 Comments
BoE Inaction Would Support The Sterling
FXstreet • Thu, Jan 10 • 1 Comment
Weekly FX Market Analysis
FX Banko • Tue, Dec 11, 2012
Why Does The Fed Chair Need To Be American?
Felix Salmon • Tue, Nov 27, 2012 • 8 Comments
Examining Global Monetary Policy
Evan Schnidman • Tue, Nov 20, 2012
Forex Trade Going Forward: Buy The Pound, Sell The Euro?
Ralph Shell • Fri, Oct 26, 2012 • 1 Comment
Today In Commodities: Corn Dips To 6-Week Lows
Matthew Bradbard • Mon, Sep 10, 2012 • 2 Comments
4 Observations To Start The Week
Marc Chandler • Mon, Aug 6, 2012
ECB Post-Mortem And U.S. Jobs
Marc Chandler • Fri, Aug 3, 2012
U.K. Q2 GDP: The Sterling Is Not A Safe Haven
Matteo Radaelli • Sun, Jul 29, 2012 • 2 Comments
Dollar Starts The New Week Higher In Asia
Marc Chandler • Mon, Jul 23, 2012 • 1 Comment
A Quick Note On Currency ETF Price Action
Marc Chandler • Fri, Jul 20, 2012 • 1 Comment
The U.K. Is The Real Epicenter Of This Crisis
Stephen Sexton, CFA • Wed, Jul 18, 2012 • 44 Comments
Core Yield Hurts EUR
Dean Popplewell • Wed, Jul 18, 2012
More Bad News For The Euro
Kathy Lien • Tue, Jun 26, 2012 • 11 Comments
Will EU Leaders Successfully Repair Europe?
Kathy Lien • Mon, Jun 25, 2012 • 5 Comments
Positioning And Foreign Exchange Outlook: June Correction Over?
Marc Chandler • Sat, Jun 23, 2012 • 9 Comments
Is The Breakup Of The Euro Inevitable?
Kathy Lien • Fri, Jun 22, 2012 • 8 Comments
FX Positioning And Technical Outlook On Eve Of Greek Election
Marc Chandler • Sat, Jun 16, 2012 • 3 Comments

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Why We See More Downside to the GBP / USD Pair
Cliff Wachtel • Tue, Mar 16, 2010
The British Canary Keels Over?
Cam Hui • Mon, Mar 8, 2010 • 7 Comments
GBP Plunging to Multi-Months Lows
The LFB • Mon, Mar 1, 2010 • 2 Comments
U.K. Monetary Policy and the Pound
Marc Chandler • Wed, Jan 6, 2010
The Bearish Case for the British Pound
Marc Chandler • Tue, Nov 10, 2009 • 2 Comments
Governor King Steps Out of the Way of the Pound
Dr. Duru • Wed, Oct 21, 2009
Bank of England Governor Mervyn King Confirms Weak Pound Strategy
Dr. Duru • Fri, Sep 25, 2009 • 2 Comments
Bank of England's Surprising Rate Cuts an Assault to Sterling
Ashraf Laidi • Thu, Nov 6, 2008
The Pound Suffers as Bank of England Plays Catch-Up
Ashraf Laidi • Thu, Nov 6, 2008
No Dead-Bank Bounce; Pound Sharply Lower
Grace Cheng • Mon, Sep 29, 2008 • 1 Comment
Volatile Turkish Lira Position? Hedge it with the Hungarian Forint
Bryan Moore • Tue, Jan 1, 2008 • 1 Comment

Is GBP A Currency Crisis Waiting To Happen?
Kevin Lester • Mon, Mar 18 • 5 Comments
What Moody's Downgrade Of The U.K. Means: Nothing
Marc Chandler • Sun, Feb 24 • 4 Comments
BoE Inaction Would Support The Sterling
FXstreet • Thu, Jan 10 • 1 Comment
Weekly FX Market Analysis
FX Banko • Tue, Dec 11, 2012
Why Does The Fed Chair Need To Be American?
Felix Salmon • Tue, Nov 27, 2012 • 8 Comments
Examining Global Monetary Policy
Evan Schnidman • Tue, Nov 20, 2012
Forex Trade Going Forward: Buy The Pound, Sell The Euro?
Ralph Shell • Fri, Oct 26, 2012 • 1 Comment
Today In Commodities: Corn Dips To 6-Week Lows
Matthew Bradbard • Mon, Sep 10, 2012 • 2 Comments
4 Observations To Start The Week
Marc Chandler • Mon, Aug 6, 2012
ECB Post-Mortem And U.S. Jobs
Marc Chandler • Fri, Aug 3, 2012
U.K. Q2 GDP: The Sterling Is Not A Safe Haven
Matteo Radaelli • Sun, Jul 29, 2012 • 2 Comments
Dollar Starts The New Week Higher In Asia
Marc Chandler • Mon, Jul 23, 2012 • 1 Comment
A Quick Note On Currency ETF Price Action
Marc Chandler • Fri, Jul 20, 2012 • 1 Comment
The U.K. Is The Real Epicenter Of This Crisis
Stephen Sexton, CFA • Wed, Jul 18, 2012 • 44 Comments
Core Yield Hurts EUR
Dean Popplewell • Wed, Jul 18, 2012
More Bad News For The Euro
Kathy Lien • Tue, Jun 26, 2012 • 11 Comments
Will EU Leaders Successfully Repair Europe?
Kathy Lien • Mon, Jun 25, 2012 • 5 Comments
Positioning And Foreign Exchange Outlook: June Correction Over?
Marc Chandler • Sat, Jun 23, 2012 • 9 Comments
Is The Breakup Of The Euro Inevitable?
Kathy Lien • Fri, Jun 22, 2012 • 8 Comments
FX Positioning And Technical Outlook On Eve Of Greek Election
Marc Chandler • Sat, Jun 16, 2012 • 3 Comments

There are no Transcripts on GBB.

Earnings Watch: Updates, advisories and surprises

at MarketWatch.com (Mar 7, 2012)
Weekend Investor: Cash in on currency shocks with these funds, ETFs

at MarketWatch.com (Jun 18, 2010)

GBB vs. ETF Alternatives

GBB Description

The GBP/USD exchange rate is a foreign exchange spot rate that measures the relative values of two currencies, the British pound and the U.S. dollar. When the British pound appreciates relative to the U.S. dollar, the GBP/USD exchange rate (and the value of the Securities) increases; when the British pound depreciates relative to the U.S. dollar, the GBP/USD exchange rate (and the value of the Securities) decreases. The GBP/USD exchange rate is expressed as a rate that reflects the number of U.S. dollars that can be exchanged for one British pound in the interbank market for settlement in two days. Effective December 18, 2008 the GBP/USD exchange rate will be the rate reported each day on Bloomberg screen GBPUSD WMCO Curncy <GO> at approximately 4:00 p.m., London time, or any successor page.
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

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| Earnings
| Dividends
| M&A
| 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]
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]
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]
Friday, April 5, 12:31 PM The U.K. holds onto its AAA rating from S&P, but the outlook remains negative, meaning a one-in-three chance of a downgrade during the next two years. "We could lower the rating if we were to conclude that the pace and extent of fiscal consoldiation has slowed beyond what we currently expect." Cable (FXB) snoozes through the news, remaining +0.6%. Comment! [Global & FX, Breaking News]
Thursday, April 4, 7:24 AM Cable (FXB) adds a few pips, but remains under pressure following the BOE leaving policy unchanged, -0.3% vs. the dollar (along with all other global assets, it's higher vs. the yen). Some had thoughts of the bank restarting its QE program, but that might have to wait until Mark Carney takes the reigns in July. Comment! [Global & FX]
Tuesday, April 2, 4:36 AM U.K. manufacturing PMI edges up to 48.3 in March from 47.9 in February; Q1 average PMI slips to 49 from 49.2 in Q4. "These weak numbers may be sufficient to tip the balance and convince more members of the MPC to consider additional QE at their meeting next week," says Markit. (PR) Comment! [Global & FX, Top Stories, Breaking News]
Wednesday, March 27, 6:09 AM Various markets dive after the BOE spells out the continued massive risks to British banks. Half of the £25B that banks must raise this year has been factored into their capital-raising plans. All in all, major banks and building societies face a £50B reduction in their regulatory capital, although HSBC (HBC) doesn't face a shortfall. FTSE 100 -0.1%, S&P futures -0.2%. (PR) 1 Comment [Financials, Top Stories, On the Move, Global & FX]
Friday, March 22, 2:13 PM The U.K.'s AAA rating is placed on negative watch by Fitch, indicating the heightened probability of a near-term cut. The move is made following the U.K. estimating its government debt load will peak at a higher level and at a later time than originally forecast. Fitch expects its review of the situation to be complete by April's end. Sterling (FXB) dipped on the news, but has since recovered those lost pips. 12 Comments [Global & FX]

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
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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
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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
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Retirefund
The pain in Spain will flush money down the drain! Euros and dollars that is! Gold/Silver anyone? COBO ERO FSU GBB CNY EMB GG BRD GPL PAAS
6/8/12
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realornot: no PAIN no GAIN ... lol Buy for now. Go ahead flush money down in my pocket!
6/8/12
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ETFdesk
WaysToPlay: Greece Now, U.K. Next as Scots Ready for Pound Plunge http://bit.ly/ddMvJF $FXB $GBB $UUP #ETF #MKT #FOREX #UK #Pound
3/1/10
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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)

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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

Retirefund
The pain in Spain will flush money down the drain! Euros and dollars that is! Gold/Silver anyone? COBO ERO FSU GBB CNY EMB GG BRD GPL PAAS
6/8/12
Reply (1)

• !Report Abuse
View all 1 replies
realornot: no PAIN no GAIN ... lol Buy for now. Go ahead flush money down in my pocket!
6/8/12
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140 characters

GBB iPath GBP/USD Exchange Rate ETN

GBB

iPath GBP/USD Exchange Rate ETN