Guggenheim CurrencyShares British Pound ETF News

After a week of consolidation, we think EUR/USD could go back to test the highs. EUR/CHF remains trapped in tight summer ranges and we see no reason for a break-out.

After rallying roughly 10 cents from the middle of May through late July, the euro has been in a broad range for the last couple of weeks.

Most markets in the Asia-Pacific region eased, though China and Australia advanced. Japanese shares were mixed.

Three reasons to short the euro - specifically, against the British pound. EURGBP has failed to confidently break above 0.9150 for several times now.

We have the quarterly GDP numbers for the UK and these show that the country has had the worst slump among the major economies.

The dollar traded above JPY107 for the first time nearly three weeks yesterday, but could not sustain the move today.

After making new lows against several currencies ahead of the weekend, the dollar bounced back smartly.

Better than expected reports from Apple, Facebook, Amazon, and Alphabet have failed to revive the dollar's fortunes.

After pushing above key levels around the Fed meeting yesterday, the euro and sterling have fallen to profit-taking and spurring a broader dollar bounce.

Australian bonds rallied, partly playing catch-up with the move in US Treasuries yesterday, and the 10-year yield fell 4 bp to 87 bp, leaving it virtually flat on the month.

With gold at an all-time high, the U.S Dollar appears to be entering a clear inflationary bear market.

The main development in the capital markets today is the firmer dollar against nearly all the major and emerging market currencies.

US dollar's dramatic sell-off continues. It is off against nearly all currencies.

Despite GBP and CAD being considered risky currencies to hold in modern times, GBP/CAD has traded in a relatively tight trading range recently.

The US dollar fell against all the major currencies last week and reached the lowest level against the euro since October 2018.