FXB - PowerShares CurrencyShares® British Pound Sterling Trust
| Previous Close | 135.26 |
| Open | 135.88 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 135.08 - 135.77 |
| 52 Week Range | 122.75 - 139.24 |
| Volume | 37,676 |
| Avg. Volume | 43,767 |
| Net Assets | 197.56M |
| NAV | 136.25 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Return | 3.88% |
| Beta (3y) | -8.41 |
| Expense Ratio (net) | 0.40% |
| Inception Date | 2006-06-21 |
- Market Realist•3 days ago
Data and Carney Pushed the Pound-US Dollar Lower Last Week
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.
- Market Realist•3 days ago
Will US Dollar Bulls Continue to Dominate This Week?
The US dollar (UUP) gained some lost ground last week due to reduced risk aversion, rising bond yields, weak economic data from global peers, and higher commodity prices. The US dollar rallied after bond yields started to rise and the ten-year yield broke past the February 2018 high. Economic data from the US included an acceptable level of retail sales and an optimistic Federal Beige Book. The US Dollar Index closed above 90.0 for the first time in five weeks and posted a weekly gain of 0.65%.
- Market Realist•8 days ago
Why the British Pound Has Continued to Rally
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.
- Market Realist•8 days ago
US Dollar Falls after Trump Comments on April 16
The US dollar (UUP) came under pressure after Donald Trump, in a tweet, accused Russia and China “playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!” Trump’s complaint has been interpreted as an attempt to escalate tensions to achieve favorable trade negotiation terms. According to the latest Commitment of Traders report, released on April 13 by the Commodity Futures Trading Commission, large speculators and traders have increased their short positions on the US dollar for a third consecutive week. This amount is a combination of the US dollar’s contracts against the combined contracts of the euro (FXE), British pound (FXB), Japanese yen (FXY), Australian dollar (FXA), Canadian dollar (FXC), and Swiss franc.
- Zacks•9 days ago
British Pound ETF (FXB) Scales a New 52-Week High
FXB ETF hits a new 52-week high on bullish sentiments.
- ETF Database•14 days ago
ETF Scorecard: April 13 Edition
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.
- ETF Database•last month
ETF Scorecard: March 23 Edition
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.
- Market Realist•last month
Why the British Pound Could Turn Volatile This 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.
- Market Realist•last month
FOMC Could Decide the Fate of the US Dollar This Week
The US Dollar Index appreciated for a fourth consecutive week due in part to the impressive industrial production and consumer confidence numbers that were reported at the end of the previous week. Earlier in the previous week, lower-than-expected inflation growth and retail sales numbers had little impact on the US dollar as markets have already priced in a rate hike from the US Fed at its March meeting. The turmoil in the White House had a marginal negative impact on the US dollar as the pressure from the Mueller probe reached the Trump businesses last week.
- Market Realist•last month
Why the British Pound Could Struggle before the Brussels Meeting
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.
- Market Realist•last month
Why the US Dollar Could Gain This Week
Why This Week Is Pivotal for the Markets
- Market Realist•2 months ago
Brexit Negotiations Dragged the British Pound Lower
Why This Week Could Keep Investors Guessing
- Market Realist•2 months ago
What to Expect from the US Dollar This Week
The US Dollar Index closed the previous week with minor gains, but the index suffered after the announcement about tariffs last week. Historically, US tariffs on imports have been negative for the US dollar. If the current proposal becomes a law, the US dollar could have a similar fate.
- Market Realist•2 months ago
Why Brexit Negotiations Could Drive the British Pound This Week
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.
- Market Realist•2 months ago
Why the US Dollar Managed to Stay Afloat Last Week
The US Dollar Index returned to strength as risk appetite remained stable and the FOMC minutes signaled further tightening through interest rate hikes. Higher interest rates in the US could lead to the appreciation of the US dollar against its trading partners. The other reason for the US dollar’s appreciation is the weakness in the euro, which was triggered by the dovish statement from the European Central Bank.
- Market Realist•2 months ago
Why the British Pound Rose despite Poor Economic Data
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%.
- Market Realist•2 months ago
Equity Market Rout Stalled: Will US Dollar Resume Its Slide?
Is Volatility Set to Drop Further after Stock Market Rebound? The US Dollar Index, whose slide had been stalled in the past two weeks, saw losses as markets recovered last week. Better-than-expected inflation growth should have increased the demand for the US dollar, but the surprise reaction of equity markets was also seen in the forex markets with the US dollar sliding against the major currencies.
- Market Realist•2 months ago
What Prompted the British Pound’s Fall
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.
- Market Realist•3 months ago
How British Pound Speculator Positions Changed Last Week
Hedge Funds and Large Speculator Positions: Week Ended February 2
- Market Realist•3 months ago
Have We Seen a Short-Term Bottom for the Dollar?
Hedge Funds and Large Speculator Positions: Week Ended February 2
- Market Realist•3 months ago
Reasons for the 2.3% Appreciation of the British Pound
This Week: Fed Meeting, Tech Biggies, and the Drowning Dollar
- Market Realist•3 months ago
Here’s What Drove the US Dollar to a Multiyear Low Last Week
This Week: Fed Meeting, Tech Biggies, and the Drowning Dollar
- Market Realist•3 months ago
Factors that Drove the British Pound over 1.38 against the 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.
- Market Realist•3 months ago
How the US Dollar Could React to a US Government Shutdown
The Week Ahead: The US Government Shutdown, ECB, and BOJ
