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Weekly FX Market AnalysisFX Banko • Tue, Dec 11, 2012 -
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Examining Global Monetary PolicyEvan Schnidman • Tue, Nov 20, 2012 -
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4 Observations To Start The WeekMarc Chandler • Mon, Aug 6, 2012
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ECB Post-Mortem And U.S. JobsMarc Chandler • Fri, Aug 3, 2012
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Core Yield Hurts EURDean Popplewell • Wed, Jul 18, 2012 -
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Why We See More Downside to the GBP / USD PairCliff Wachtel • Tue, Mar 16, 2010 -
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U.K. Monetary Policy and the PoundMarc Chandler • Wed, Jan 6, 2010
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Governor King Steps Out of the Way of the PoundDr. Duru • Wed, Oct 21, 2009 -
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Bank of England's Surprising Rate Cuts an Assault to SterlingAshraf Laidi • Thu, Nov 6, 2008 -
The Pound Suffers as Bank of England Plays Catch-UpAshraf Laidi • Thu, Nov 6, 2008
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Weekly FX Market AnalysisFX Banko • Tue, Dec 11, 2012
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Examining Global Monetary PolicyEvan Schnidman • Tue, Nov 20, 2012
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4 Observations To Start The WeekMarc Chandler • Mon, Aug 6, 2012
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ECB Post-Mortem And U.S. JobsMarc Chandler • Fri, Aug 3, 2012
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Core Yield Hurts EURDean Popplewell • Wed, Jul 18, 2012
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There are no Transcripts on GBB.
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at MarketWatch.com (Mar 7, 2012)
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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.
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Country: United Kingdom
Key Info
- In Your Portfolio: A Guide to Currency ETFs and ETNs
- Asset Class Performance: Currencies
- All
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- | On the move
- 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, 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]
- Wednesday, March 20, 8:49 AM Cable (FXB) dives as U.K. Treasury Chancellor Osborne slashes the government forecast for 2013 GDP growth to 0.6% from 1.2% made just 3 months ago. With fiscal tightening still in force, Osborne says the government will go further on monetary activism. 2 Comments [Global & FX, Breaking News, On the Move]
- Tuesday, March 12, 5:50 AM U.K. deficit in trade of goods £8.195B in January vs £8.74B in December and consensus of £9B. Services surplus £5.8B. Total deficit seasonally adjusted £2.36B in January vs £2.81B in December. Export volumes (excluding oil and erratics) unchanged in three months to January, while import volumes -2%. Although the pound has slumped following the trade and production figures, the FTSE 100 is +0.1%. (PR) 3 Comments [Global & FX, Top Stories, On the Move]
- Tuesday, March 12, 5:39 AM U.K. industrial production -1.2% M/M in January vs +1.1% in December and consensus of +0.1%. On year, -2.9% vs -2.1% and -1.1%. Manufacturing production -1.5% M/M vs +1.5% and unchanged. On year, -3% vs -1.6% and -1.1%. The pound dives from $1.4907 to $.1.4848 (-0.4% on the day) within minutes. (PR) Comment! [Global & FX, Breaking News, Top Stories, On the Move]
- Thursday, March 7, 7:06 AM Cable shoots higher after the BOE decision. About 40% of those surveyed expected the bank to boost its QE program after last meeting's minutes and some leading talk from Governor King, but it's Mark Carney's bank now - even if he doesn't start his job until July. Sterling (FXB) +0.3% to $1.5057. 2 Comments [Global & FX, On the Move]
- Wednesday, February 27, 4:51 AM U.K. Q4 GDP -0.3% Q/Q vs +1% in Q3 and as initially estimated, while on year, GDP revised up to +0.3% from flat. Sterling was higher vs the dollar but takes a bit of a dive after the data is released and is now -0.1% at $1.5108. The FTSE also loses its gains and is flat. (PR) Comment! [Global & FX, On the Move, Top Stories]
- Monday, February 25, 3:04 PM One could have done a lot worse today than fading loud reflexive moves Sunday afternoon in the yen (FXY) and the pound (FXB). Both opened down big after important, but likely price-in news, and 24 hours later they're trading higher, the yen sharply so. 2 Comments [Global & FX, On the Move]
- Sunday, February 24, 5:12 PM The yen (FXY) opens 1% weaker vs. the dollar on news of a dovish selection for BOJ Governor. Sterling (FXB) opens -0.7% vs. the greenback following the Friday evening downgrade of the U.K. credit rating. At $1.5077, the pound is at its weakest level vs. the dollar in more than 2 years. It bottomed at around $1.35 during the financial crisis. Comment! [Global & FX, On the Move]
- Friday, June 29, 2012, 3:15 AM European markets rocket out of the gate as investors cheer progress on a tighter union and bank recapitalization. London +1.7%. Paris +3.0%. Frankfurt +2.4%. Madrid +4%. Euro +1.2% to $1.2592. Sterling +1% to $1.5664. 19 Comments [Global & FX, On the Move, Top Stories]
- Friday, March 9, 2012, 9:07 AM The dollar is moving sharply higher against most major currencies following the jobs report. It's the opposite of recent market action where, perversely, strong U.S. economic news saw the greenback drop as money moved into "risk" assets, of which the euro, the pound, and the aussie are now thought of. The euro -1.1%, pound -0.7%, aussie -0.4%, yen -1.1%. UUP +0.8% premarket. 1 Comment [On the Move, Global & FX]
- Friday, December 30, 2011, 12:38 PM With trading desks barely staffed, someone has decided to run some stops in the currency market. The greenback takes a plunge over the past couple of hours against nearly every major currency, but particularly vs. the yen, the aussie, and the kiwi. The yen has now regained nearly all the ground lost when Japan intervened in late October to weaken it. 5 Comments [Global & FX, On the Move]
- Wednesday, December 28, 2011, 10:46 AM The euro continues its near freefall, hitting $1.2944, the lowest level since the first days of 2011 when it briefly fell below $1.29. Other risk currencies are down alongside, the British pound -1.3%; the aussie dollar, solidly higher minutes ago, -0.5% at $1.0107. European shares are at session lows, the Stoxx 50 -1.2%. 1 Comment [Global & FX, On the Move]
- Thursday, November 24, 2011, 6:29 AM U.K. 10-year borrowing costs are now cheaper than those of Germany for the first time since 2009, with gilts yielding 2.19% and bunds 2.21%. "Going, going..With German bunds yielding more than gilts, the euro crisis has moved into its final phase. Germany must act or it's game over," says Jeremy Warner. 5 Comments [Top Stories, On the Move, Global & FX]
- Thursday, October 27, 2011, 9:25 AM A check of the currency markets shows the dollar longs getting fried in both the "risk on" and the "risk off" currencies. Risk on: The aussie +2.8% to $1.0685 (was $0.94 3 weeks ago!). Risk off: the greenback -1.9% vs. the swiss franc to CHF 0.8640, and don't forget a new low vs. the yen. UUP -1.4% premarket. Comment! [Global & FX, On the Move]
- Friday, October 21, 2011, 9:57 AM The pummeling of the dollar may be the most important news of the day, which sniffs of additional Fed QE rather than Europe having solved its issues. A speech last night from the Fed's Daniel Tarullo arguing for additional MBS purchases looks to be the catalyst. Comment! [Global & FX, U.S. Economy, On the Move]
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x oil -field
Eurozone crisis live: UK manufacturing slump raises risk of triple-dip. $GBB http://bit.ly/W4WtAM $FXB The Guardian - View all 1 replies
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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
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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 - View all 0 replies
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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 - View all 0 replies
LATEST REPLIES
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x oil -field
Eurozone crisis live: UK manufacturing slump raises risk of triple-dip. $GBB http://bit.ly/W4WtAM $FXB The Guardian - View all 1 replies
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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
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- View all 1 replies
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