FXB downside after U.K. inflationAs a young trader (21 years old), I see my trading style as more of an art than a science. I don't understand patterns, and I don't use technical analysis. I am a macro trader. I take information from various sources (WSJ, Twitter, Investing.com, Trading Economics, ect.), and my instincts kick in. I
Key stats
About Invesco CurrencyShares British Pound Sterling Trust
Home page
Inception date
Jun 21, 2006
Structure
Grantor Trust
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Ordinary Income
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Distributor
Invesco Distributors, Inc.
FXB provides access to British pound by holding GBP through a deposit account –a simple, direct strategy. However, FXB's deposits are uninsured, leaving investors exposed to the default risk of JPMorgan, the fund's depository bank. Tax efficiency is another concern, any distributions or capital gains are taxed at ordinary income rates (regardless of holding period). FXB is rebalanced quarterly.
Classification
Symbol
Geography
U.K.
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.01%
Miscellaneous−0.01%
Top 10 holdings
Reaffirming the FXB Currency Trade!Hey Friends!
I continue to recommend the FXB ETF as a swing trade. I agree more with the bears on the British Pound than the bulls. But I think in the short to medium term it is the US dollar’s turn to suffer pain, and I think the fears in the Pound and Euro are overdone.
The fear on the Pound is
Rob Smith - smithintheblack - Quant Edge learning11/26/17 – November, outside month up, bullish month.
2 inside bullish months within September. There is no
argument that this currency is going up. Railroad tracking
the 20 & 40 up since June 2016. Timeframe continuity.
There is no actionable signal to believe the price is headed
down. With a cont
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FXB trades at 129.93 USD today, its price has fallen −0.29% in the past 24 hours. Track more dynamics on FXB price chart.
FXB net asset value is 129.65 today — it's risen 0.57% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FXB assets under management is 77.92 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
FXB price has risen by 0.82% over the last month, and its yearly performance shows a 5.94% increase. See more dynamics on FXB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.57% over the last month, showed a 6.66% increase in three-month performance and has increased by 6.85% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.57% over the last month, showed a 6.66% increase in three-month performance and has increased by 6.85% in a year.
FXB fund flows account for 19.89 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FXB invests in cash. See more details in our Analysis section.
FXB expense ratio is 0.40%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FXB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, FXB technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating FXB shows the buy signal. See more of FXB technicals for a more comprehensive analysis.
Today, FXB technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating FXB shows the buy signal. See more of FXB technicals for a more comprehensive analysis.
Yes, FXB pays dividends to its holders with the dividend yield of 2.82%.
FXB trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FXB shares are issued by Invesco Ltd.
FXB follows the USD/GBP Exchange Rate. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 21, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.