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Guggenheim CurrencyShares British Pound ETF News

$122.23
+0.362 (+0.297%)
At Close: May 17, 2024
The MSCI Asia Pacific Index rose for the third consecutive session. European bourses are little changed.

Dollar's Bounce: Nearly Over?

12:09pm, Sunday, 13'th Sep 2020
Often, there seem to be one or two drivers of the foreign exchange market, but now there are several cross-currents.
GBP FX crosses appear to have under-priced the immediate risks of Brexit to the United Kingdom in recent months.
The spread of coronavirus and the fear of the second round of lockdowns is the most important theme impacting global foreign exchange markets.
Japan's August producer prices were 0.5% lower than a year ago, improving from -0.9% in July. Sterling is easily the worst-performing currency in the world this week, losing approximately 3.6% against

GBP: Brexit Risk Dashboard 08.09.20

08:19pm, Thursday, 10'th Sep 2020
The premium for GBP puts has coincided with an increase in UK inflation breakevens and the underperformance of stocks that are more exposed to the domestic UK economy.

The U.K.'s Gloomy Economic Conundrum

08:01pm, Thursday, 10'th Sep 2020
The shock of a cliff-edge Brexit would be a fraction of the damage that has already occurred due to the nationwide lockdown earlier this year.

ECB And Beyond

07:24am, Thursday, 10'th Sep 2020
The Australian dollar is consolidating yesterday's recovery and is in about a quarter-cent range above $0.7260. The ECB dominates today's agenda.
Equities continued to slump in the Asia-Pacific region, with many large markets off more than 1%, led by Australia's more than 2% decline.

GBP/USD: More Downside Likely

07:41am, Wednesday, 09'th Sep 2020
The GBP/USD has retreated from summer highs significantly since August. A Brexit deal is looking increasingly unlikely.
The MSCI Asia Pacific Index snapped a three-day slide today with most markets moving higher, led by a 1% gain in Australia.
In China, exports were stronger than expected, rising 9.5% from a year ago, while imports were weaker than anticipated, dropping 2.1%.

Return Of The Cold Currency War

02:10am, Sunday, 06'th Sep 2020
We construct an FX Strength Aversion Index to rank which G10 countries cannot tolerate the macro costs of a strong currency right now.
Political uncertainty over Brexit has been significantly weighing on the UK economy in recent years, which has been constantly lagging its peers.
The US employment report is front and center. The euro recovered smartly yesterday, making new highs late in the North American session, even as equities were hammered.
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