28.86 0.00 (0.00%)
After hours: 4:00PM EDT
|Bid||0.00 x 0|
|Ask||30.03 x 100|
|Day's Range||28.83 - 29.02|
|52 Week Range||26.59 - 29.72|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.50%|
The British pound (FXB) depreciated 1.7% against the US Dollar (UUP) for the week ending April 20. The pound (GBB) closed the week ending April 20 at 1.40—compared to a close of 1.42 for the week ending April 13. Softer-than-expected retail sales, wage growth, and consumer prices dented investors’ confidence. Bank of England Governor Mark Carney gave a hint that the interest rates don’t need to be increased in May. Carney’s comments, weak data, and the strong US dollar led to the pound’s sharp depreciation the previous week.
The British pound (FXB) appreciated by 1.1% against the US dollar (UUP) in the week ended April 13. The rise of the British pound despite soft economic data was because of hawkish comments from the Bank of England, which is expected to increase interest rates soon. While British equity markets (BWX) were impacted by increased trade war concerns, indexes managed to close in positive territory for a third consecutive week.
Is a Perfect Storm Brewing for the Week Ahead? The British pound (FXB) appreciated 0.66% against the US dollar (UUP) for the week ending March 16. British equity markets (BWX) were impacted by increased concerns about global trade wars and closed lower last week.
The British pound (FXB) appreciated 0.32% against the US dollar (UUP) in the week ended March 9, 2018. The economic data released from the United Kingdom in the week indicated that the UK economy has been accelerating. Uncertainty surrounding Brexit negotiations has dampened the demand for the British pound, especially as we approach the next key Brexit date of March 22, 2018, when the spotlight will move to Brussels, where EU (European Union) leaders will meet to sign a transition Brexit deal.
Economic data releases were in line with expectations with average earnings increasing and jobless claims falling. Multiple Bank of England speakers sounded confident about the UK economy, leaving no reason for the British pound to lose value last week. British equity markets (BWX) were one of the few global indexes to post losses last week.
Is Volatility Set to Drop Further after Stock Market Rebound? The British pound (FXB) appreciated 1.5% against the US dollar (UUP) for the week ending February 16. Economic data reported from the UK in the previous week indicated that inflation remained higher at 3% in January and retail sales growth dropped to 0.1% as compared to the market expectation of 0.5%.
The British pound (FXB) depreciated by 2.0% against the US dollar (UUP) in the week ended February 9. This fall comes as a surprise because the Bank of England, in its monetary policy statement and quarterly inflation report, sounded hawkish about the economy. The reason for the tepid performance of the British pound was weaker-than-expected economic data indicating lower industrial production and trade activity, and risk-off trading boosting demand for the US dollar.
The British pound (FXB) posted its fifth consecutive weekly gain against the US dollar. For the week ended January 19, the British pound (GBB) closed against the US dollar (UUP) at 1.3852, appreciating by 0.90%. British equity markets (BWX) were supported by the prospect of a soft Brexit.
The British pound (FXB) had another positive week as it reached an 18-month high against the US dollar. For the week ended January 12, the British pound (GBB) closed against the US dollar (UUP) at 1.3729, appreciating by ~1.2%. The gains in the British pound were driven by the higher chances of a soft Brexit deal, which could see economic relations between the UK and the EU remain mostly unchanged.
The British pound (FXB) (GBB) continued to appreciate against the US dollar in the first week of 2018, rising 0.41% against the dollar (UUP). Comments from UK Chancellor Philip Hammond about the possibility of keeping the Customs Union with the European Union drove investors to increase the probability of a soft Brexit. With most of the bad news surrounding a Brexit being priced in, any positive development could continue to help the British pound appreciate further.
The British pound (FXB) depreciated against the US dollar for the week ended September 29. The pound (GBB) posted a weekly close of 1.3397, depreciating by 0.71% against the US dollar (UUP).
When fixed income investors typically think about geography, they usually focus on U.S. bonds, whether it be Treasuries or corporate debt issued by US-based firms. Flows to exchange-traded funds confirm ...
The British pound (FXB) appreciated against the US dollar for the week ended September 8, 2017. The pound closed at 1.32, appreciating 1.9% against the US dollar.
The British pound (FXB) remained unchanged against the US dollar for the week ending August 25. The pound (GBB) closed the week at 1.2887.
This year’s theme for the annual Jackson Hole Symposium is “Fostering a Dynamic Global Economy.”
ECB President Mario Draghi is scheduled to speak at this year’s Jackson Hole Symposium on August 25—after a hiatus of three years.
If the European economy continues to improve at the current pace, the QE program could be scaled down to 40.0 billion euros per month.