|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||36.4800 - 36.6623|
|52 Week Range||32.3800 - 37.8000|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
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 International Monetary Fund (or IMF), in its October world economic outlook, downgraded its growth outlook for the United Kingdom.
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).
The British pound is headed for its fourth weekly positive close in a row backed by the strong August inflation print and the hawkish statement from the Bank of England.
Inflation in the United Kingdom has been on a higher trajectory with consumer prices in the United Kingdom rising 2.9% in August year-over-year.
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.
The British pound (FXB) had another negative week as a dovish statement from the Bank of England continued to drag the currency lower.
The British pound recorded another multi-month high of 1.3266 against the US dollar before the Bank of England announced its inflation report and interest rate decision on August 3.