CurrencyShares British Pound Sterling Trust

News & Analysis

currencyshares british pound sterling trust and us market - All News and Analysis

• The Start of the Pound's Reversal

  Seeking Alpha - 2009-11-12

  The LFB submits: The pound took a beating in Wednesday trade, plunging 150 pips in a very short period after BoE Governor Mr. Mervyn King said that a weak pound would help the U.K. economy, mainly in the effort to rebalance its ever-widening trade deficit. These comments came during...

  Tags: US Market, The LFB, CurrencyShares British Pound Sterling Trust

• Governor King Pushes the Pound Downwards

  Seeking Alpha - 2009-09-22

  If the publication of the Bank of England’s August quarterly Inflation Report halted the upward trend in the Pound against the Euro, highlighting the country’s negative economic and inflation outlook, Governor Mervyn King’s speech to lawmakers last week contributed to further depressing the UK currency. King said that the Bank...

  Tags: US Market, Matteo Radaelli, CurrencyShares British Pound Sterling Trust

• 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...

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

• The Case for Shorting EUR/GBP

  Seeking Alpha - 2009-08-11

  Simit Patel submits: A short-term EURGBP opportunity appears to be forming, according to forex trader Dave T. The chart below illustrates the technical rationale for entering a short position at near the .8585 level. click to enlarge by Simit Patel

  Tags: US Market, Simit Patel, CurrencyShares British Pound Sterling Trust, CurrencyShares Euro Trust

• 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...

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

• Pound's Long Term Bull Trend Remains Intact

  Seeking Alpha - 2009-08-07

  In one week we have two different markets with the breakout buyers having fun in the early week, only to fall victims to the sellers of highers in the late week. The longer term bull trend remains intact but the brief visit to the 1.70 level now seems like...

  Tags: US Market, Ralph Shell, CurrencyShares British Pound Sterling Trust

• You Probably Know More About the GBP/USD Pair Trade than You Think

  Seeking Alpha - 2009-08-06

  Sean Hyman submits: By Sean Hyman I find that many people come over from the stock market, particularly the U.S. stock market, over into the forex market. by myWealth.com

  Tags: US Market, Financial, myWealth.com, CurrencyShares British Pound Sterling Trust

• British Pound: Will it Break the Range?

  Seeking Alpha - 2009-07-29

  Kathy Lien submits: For the past four trading days, the British pound has been stuck in a 200 pip range against the U.S. dollar and a 115 pip range against the Euro. However the bottom of the range in both the GBP/USD and EUR/USD have been broken, leading...

  Tags: US Market, Kathy Lien, CurrencyShares British Pound Sterling Trust

• 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...

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

• 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