Pound

The British pound's declined continued on Wednesday and was trading at $1.2178, marking the lowest level it has been trading at in seven weeks. According to the U.K.-based Independent, the British government released its annual budget on Wednesday at 12:30 p.m. London time (7:30 a.m. ET), which is...

Over the past 12 months, the CurrencyShares British Pound Sterling Trust (Guggenheim CurrencyShares British) (NYSE: FXB) is lower by more than 14 percent, making it one of the worst-performing developed markets currency exchange traded funds over that period. Weak Pound, U.K. Stocks' Statuses The...

History was made on June 23 when the UK voted to leave the European Union. But Brexit left more questions than answers, especially in the United States and global commercial mortgage investment sector. Case in point: While the prospect of untangling the UK from the European Union may take...

Underscoring the vulnerability of U.K. assets in the post-Brexit world, the Guggenheim CurrencyShares British (NYSE: FXB) is lower by nearly 12 percent over the past month. Remembering that when an investor opts for international stocks or funds he or she not only incurs equity risk, but currency...

It was unsurprising that the UK’s decision to leave the European Union was followed by a 10 percent slide in the pound, as both political and economic uncertainties had shaken markets. In addition, the Bank of England’s dovish guidance for monetary policy moved the pound even lower....

London's property prices are collapsing as the over-leveraged day-traded funds liquidate their prime holdings to meet investor redemption calls. As Financial Times reported, property prices in London are falling thanks to a mass liquidation of assets in the wake of Brexit investor worry. On...

Shares of Invesco Ltd. (NYSE: IVZ) have been hit by the Brexit vote due to its exposure to the country. But, the investment management firm's strategy to hedge against falling pound helped it to avoid more losses. On June 23, Britons voted to leave the EU, triggering a sell-off in the pound and...

Greif, Inc. (NYSE: GEF) faces a downside risk to targets if the U.S. dollar continues to strengthen. The dollar gained 0.59 percent against the euro to 1.1087. However, the pound gained for the first time since the U.K.'s vote to leave the European Union and rose 0.92 percent against the dollar to...

While traders and investors are bombarded with news of sectors, industries and individual companies that will see near-term prospects diminished by the exit of the United Kingdom from the European Union, an analyst note from Baird highlighted the ways Visa Inc (NYSE: V) can potentially benefit...

In an article Wednesday, CNNMoney said currency dealers and foreign exchange companies noted a surge in people stocking up on euros and dollars, expecting a vote to leave the European Union (EU) would crash the pound. FairFX, which sells prepaid foreign currency debit cards, said that the amount of...

George Soros, the multi-billionaire investor, has a dire warning for the pro-Brexit folks: you will be poorer, and he will likely be richer if Britain separates from the European Union. Soros wrote an article on The Guardian that British voters are "grossly underestimating" the costs of leaving the...

If not for a 3.3 percent year-to-date decline for the exchange-traded fund that acts as a proxy for the U.S. Dollar Index, the Guggenheim CurrencyShares British (NYSE: FXB) would be a dud among developed market currency ETFs. In fairness to the CurrencyShares British Pound Sterling ETF, its 1.8...