BNET Industries
CurrencyShares British Pound Sterling Trust (FXB) is in the Financial Services Industry
- Revenue
- Oct 31 2007
- $4.1M
- Profit
- Oct 31 2007
- $3.8M
- Market Cap
- Aug 19 2008
- $102.9M
Latest News and Analysis
Good News / Bad News for the Dollar
Kathy Lien submits: The last 2 weeks of August is always a painstakingly quiet time in the currency market. European traders are off on their month long holidays while US traders are more worried about taking their kids to college and planning for the Labor Day holiday than...
British Pound Crashes on a Dovish BOE Inflation Report
Mike Wright submits: The FTSE finished the week down slightly, but the real loser last week was UK PLC. The pound crashed as various factors come to a head. Up until July, the US Dollar was the currency the world loved to hate, but last week it was sterling’s turn...
Tuesday Outlook: Ain't No Sunshine
David Fry ETF Digest submits: The takeaway story Monday was the combination of negative news and worries from Freddie FRE and Fannie FNM plus the extended nature of commodity and currency markets. This led to a sell-off in equities which could...
Bond Expert: Friday Outlook
John Jansen submits: Prices of Treasury coupon securities have barely budged in overnight trading. Each of the benchmark issues has gained 1 basis point in yield. The 2 year note yields 2.44 percent. The 5 year note yields 3.16 percent. The 10 year note yields 3.90 percent and the...
Daily Forex and Financial Sector Roundup
The LFB submits: Dollar Index: During an interview with CNBC on Tuesday, Minneapolis Federal Reserve Bank President Gary Stern said that the decline in energy prices has slowed the inflation outlook, allowing the Fed "to be patient" when it comes to considering raising interest rates. In a recent speech he said...
Tuesday's Declines Were All Financials
Hickey and Walters Bespoke submit: Aside from Financials, Tuesday's losses weren't so bad. Unfortunately, you can't ex out sectors. The Financial sector contributed to two-thirds of yesterday's 1.21% decline in the S&P 500. As shown below, the next biggest sector impacting the index on the downside was Consumer...
Dissecting Currency ETFs
IndexUniverse submits: By Anthony Welch Currency exchange-traded funds have grown rapidly in popularity as investors and advisors seek refuge from an increasingly convoluted stock market. by Index Universe
The Sterling is Getting Pounded
Timothy Charles submits: My bullish call behind the dollar has been based on many factors. One factor, however, that I did not take into account is the action in the British Pound. Sure, I track the overnight rates of the UK economy and where fair value of that target should...
Pound Sterling Falls On Hard Times
Money Morning submits: By Jason Simpkins The British pound fell to a 22-month low Wednesday, after the Bank of England [BOE] offered a gloomy outlook for the U.K. economy and the chance of an interest rate cut increased. by Money Morning
U.S. Session Wrap: Meredith Whitney Does It Again
The LFB submits: When analyst Meredith Whitney of Oppenheimer & Co. talks, the market not only listens, it responds. Ms. Whitney, who made her bones last fall after calling for sharp declines in Citigroup C on mortgage write-downs (along with her call that the bank would need to slash its...
Weekly Market Outlook: August 11th ? August 15th
Matthew Bradbard submits: There are conflicting opinions about whether the Bull Run in commodities is over or not. We view the recent pullback as a correction in prices. The bubble bursting argument just doesn’t make any sense being that a variety of commodities are still showing sizeable gains ytd....
Eight Ways to Trade Foreign Currency
Stockerblog submits: I learned about CurrencyShares in a recent Forbes article. I might have stumbled upon these investments eventually but Forbes was the first place I saw a reference to them. CurrencyShares are exchange traded funds set up as trusts to track various currencies. So, if you think a...
Currency Pair Overview: Dollar Continues To Gain as Oil Declines
The LFB submits: Overall: Markets were unsure about what effect the Russian/Georgian conflict would have on oil prices, which right now are playing a crucial role with regards to the dollar and equity markets. News of a possible supply disruption on geo-political tensions has been a good enough reason to...
Currency Pair Overview: Dollar Gains as Commodities Fall
The LFB submits: Overall: Sentiment has apparently turned heavily towards the dollar's favor, as the world seems to be turning to the greenback and away from commodities. The Reuters/Jefferies CRB Index fell to a four-month low, as projections of slower economic growth led traders to speculate that demand for raw...
Japan: Recession All but Certain
Claus Vistesen submits: In my last note on Japan, I asked how much longer Japan could continue to fight off the incoming recession faced with a continuing shaky outlook on exports as well as a domestic economy steadily slowing down. Well, it seems as if the answer to this...
Euro Slumps to Five Month Low Against the Dollar
Michael Shedlock submits: Bloomberg is reporting Euro Slumps to Five-Month Low on Reduced Bets for Higher Rates. The euro slumped to a five-month low against the dollar as traders pared bets that the European Central Bank will raise interest rates due to a slowing economy. by Michael Shedlock
Currency Analysis: The Major Pairs, Ahead of the BoE and ECB
The LFB submits: Overall: The story during Wednesday’s N.Y. session continued to be the dollar's inverse correlation to oil prices, but a new factor was added after the FOMC signaled on Tuesday that rates would be staying on hold. With growth decelerations now expected in a number of economies, speculation is...
Currency Overview Post-FOMC
The LFB submits: Currency Overview: The story during the N.Y. session continued to be the dollar's connection to oil prices as well as other commodities. A nearly 2% decline in oil's price was sparked after fears that Tropical Storm Edouard could threaten oil installations in the Gulf of Mexico completely abated....
The Olympiad of Central Banks
Markos Kaminis (Wall St. Greek) submits: In a prelude to the Olympic Games, this week offers the challenge of the central banks, as the American Federal Reserve [FED], European Central Bank [ECB] and Bank of England [BOE] make key decisions on interest rates. The Olympics begin this...
A 360 View of Returns (July 2008)
Richard Shaw QVM Group submits: When we discuss portfolios with our clients, we use the type of information provided in the tables below, and other information, as background to provide wide perspective on the current state of the markets. You may find them useful in your own deliberations. ...
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- CurrencyShares Euro Trust (19 results)
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- Incorporated: 2006
The CurrencySharessm British Pound Sterling Trust (the ?Trust?) is a grantor trust. The investment objective of the Trust is for the Shares to reflect the price of British Pound Sterling plus accrued interest, less the expenses of the Trust's operations.
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CurrencyShares British Pound Sterling Trust Company Info
Contact Information
9601 Blackwell Road
Suite 500
Rockville, MD
301 296-5100
NAICS Code
Trust, Fiduciary, and Custody Activities: 523991Brought to you by IBM
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