|Bid||0.00 x 2200|
|Ask||0.00 x 1000|
|Day's Range||125.22 - 125.82|
|52 Week Range||110.96 - 130.24|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-1.64%|
|Beta (5Y Monthly)||3.75|
|Expense Ratio (net)||0.40%|
The Bank of England has cut interest rates by 50 basis points to 0.25% as it anticipates a sharp, large and temporary economic shock.
While the rest of the market was distracted, United Kingdom country-related exchange traded funds continued to slip on fears that Prime Minister Boris Johnson's tough stance on talks with the European Union could lead to a hard Brexit. On Monday, the iShares MSCI United Kingdom ETF (EWU) declined 0.7%, and the currency-focused Invesco Currency Shares British Pound Sterling (FXB) weakened 1.6% as the British pound dropped 1.6% against the U.S. dollar to $1.2992. Weighing on U.K. markets, traders were worried that Britain could hit the end of a 11-month transition period without a trade deal with the European Union in place.
The U.K. officially departed the European Union on Friday – here's what happens next. Monitor these ETFs as negotiations continue.