CurrencyShares British Pound Sterling Trust

News & Analysis

currencyshares british pound sterling trust - All News and Analysis

• If U.K. Is Still in Recession Why Are London House Prices Hitting New Records?

  Seeking Alpha - 2009-10-23

  Edward Harrison submits: We received word today from the British government that GDP in the UK contracted for a record sixth quarter in Q3 2009. I like Neil Hume’s headline on this one, “GDP shock flop.” If you were listening to the BBC’s Wake Up to Money this...

  Tags: Seeking Alpha, Edward Harrison, CurrencyShares British Pound Sterling Trust

• The British Pound Takes a Pounding, but Will It Win the Race to the Bottom?

  Seeking Alpha - 2009-10-14

  Trader Mark submits: It's quite remarkable that the 2 countries who dominate the world's financial mechanisms are in the same dire straits. Both followed almost identical policies of financial oligarchy - while both countries have countless "regulation" on the books, obviously they were mostly useless in retrospect. When real regulation...

  Tags: Financial, TraderMark, CurrencyShares British Pound Sterling Trust

• 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...

  Tags: Seeking Alpha, Daily Forex, 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

• 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...

  Tags: Seeking Alpha, Daily Forex, CurrencyShares British Pound Sterling Trust

• 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...

  Tags: Seeking Alpha, Daily Forex, 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

• U.K. Continues to Monetize Debt: This Won't End Well

  Seeking Alpha - 2009-08-20

  Cynicus Economicus submits: The Telegraph's economics editor's latest article headlines that 'Mervyn King Wanted to Buy Half of the UK Government Debt Market'. It is a headline that, of itself, is worth some contemplation. That the Governor of the Bank of England should propose such an extreme...

  Tags: Seeking Alpha, Cynicus Economicus, CurrencyShares British Pound Sterling Trust

• 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...

  Tags: Seeking Alpha, 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