|Bid||0.0000 x 100|
|Ask||0.0000 x 200|
|Day's Range||19.4704 - 19.6400|
|52 Week Range||18.9000 - 32.6200|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.00%|
Depending on who you ask, you might hear that Britain is headed for technical recession with the pound sinking even more in value relative to the dollar – or that the country is poised for economic growth following Brexit.
The British pound jumped against the U.S. dollar Wednesday after an European Union official revealed progress has been made in the ongoing Brexit negotiations. On Wednesday, the CurrencyShares British Pound Sterling Trust (FXB) increased 1.0% and VelocityShares Daily 4X Long GBP vs. USD (UGBP) surged 3.8% as the British pound appreciated 1.0% to $1.3. Michel Barnier, the EU's chief Brexit negotiator, stated Europe is prepared to offer an unprecedented partnership to the U.K., CNBC reports.