CurrencyShares British Pound Sterling Trust

News & Analysis

currencyshares british pound sterling trust and daily forex - All News and Analysis

• More Mixed Signals from the UK Economy

  Seeking Alpha - 2009-10-13

  Let’s start with the good news; the FTSE in London closed at its highest level for more than a year. At yesterday’s close, the FTSE stood at 5210.17, a level not seen since September 2008. The bullishness has been put down to higher commodity prices and an optimistic outlook over...

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• BoE: New Lower Threshold for the Pound?

  Seeking Alpha - 2009-09-22

  According to the Bank of England, Sterling may become a long term victim of the recession, settling at a lower level than other major currencies (of course, this has all the hallmarks of a self-fulfilling prophesy). This would tend to make UK exports more affordable than those from other major...

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• BoE: Counterfeiting vs. Quantitative Easing

  Seeking Alpha - 2009-09-10

  At some time in childhood, most of us looked at a copying machine and asked our parents why, if we were short of cash and most people were we couldn’t just print some more money. Our parents would have smiled benignly and explained that that would be called counterfeiting and...

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• Are Weak Fundamentals About to Punish The Pound?

  Seeking Alpha - 2009-09-01

  One of the more vexing bullish runs in the currency exchange market over the past several months has been the stridently bullish move made by the British Pound against the U.S. Dollar. This move has likely confounded more than a few fundamental traders that expected Sterling to suffer at the...

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• BOE Minutes Should Bode Poorly for Pound

  Seeking Alpha - 2009-08-19

  Trading in the British Pound is sure to be volatile on Wednesday, when minutes of the most recent Bank of England MPC are released. In light of the surprise decision to significantly expand the BOE’s quantitative easing program – a move which has led to a sharp pullback in...

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• Pessimistic About the Pound

  Seeking Alpha - 2009-08-10

  The effects of last week’s surprise decision by the Bank of England to intensify their quantitative easing program continue to ripple through the markets. After sharply rising Friday on the heels of better than expected economic data, including an improvement in the U.S. unemployment report, European equities have given...

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• Pound Weakness Expected Despite Recent Success

  Seeking Alpha - 2009-07-28

  The British Pound strengthened against both the U.S. Dollar and Japanese Yen on Monday, as traders again moved away from safe-haven currencies after better-than-forecast home sales data was released in the United States. The Pound bought $1.6493 and ¥156.98 against the two currencies, an improvement of 0.4% and 0.8%...

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• British Pound's Safety Is in Question

  Seeking Alpha - 2009-07-24

  The British Pound surrendered early gains as economic data revealed continuing problems for the U.K. economy. The Office for National Statistics in London reported that U.K. GDP shrank 0.8% in the second quarter, more than twice the amount economists had forecast. Coupled with better than expected Eurozone manufacturing...

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• Sell the Pound Against the Euro and Dollar

  Seeking Alpha - 2009-07-22

  The British Pound was weak against major currencies as an economic research institute projected continued declines in GDP and housing prices and warned that a substantial recovery may not occur for several years. The National Institute of Economic and Social Research projected at least two additional quarters of GDP...

  Tags: US Market, Daily Forex, CurrencyShares British Pound Sterling Trust