|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||133.65 - 134.07|
|52 Week Range||118.33 - 134.07|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
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.
2017 was a roller coaster year for the global financial markets, as equities surged, alternative assets emerged and geopolitics carried even new implications with President Trump in the White House. For investors, 2017 saw no shortage of opportunities ranging from equities to currencies and all the way up to bitcoin. Many of these trends will remain relevant in the new year, giving investors another opportunity to capitalize. Although 2017 had many lessons, the following six were the most compelling ones from a financial market perspective.
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.
According to Reuters, the US dollar (USDU) net short positions increased to ~-$7.8 billion during the week ended December 15 compared to ~-$4.3 billion in the previous week.
The US Dollar Index (UUP) continued its ascent against the other major currencies as investors positioned for a rate hike from the Fed and reacted to the increased possibility of tax reforms by the end ...
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
The US Dollar Index (UUP) had another bad week as traders offloaded long dollar positions amid tax reform uncertainty last week.
The International Monetary Fund (or IMF), in its October world economic outlook, downgraded its growth outlook for the United Kingdom.
The US dollar index (UUP) remained supported last week despite a dovish FOMC statement and a lower-than-expected rise in monthly non-farm payrolls.
The British pound depreciated 1.41% against the US dollar after the policy statement from the BOE (Bank of England) on November 2.
The central bank said that the key reason for such sharp increase in prices was due to the depreciation of the British pound after the Brexit referendum.