Sat, Oct 31, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | ETFs / ETCs more

Brexit makes British pound ETF a trading favorite despite fall near record low

Posted on 22 November 2016

An exchange-traded fund that tracks the British pound has emerged as a popular trade, with volume and inflows skyrocketing as investors play one of the most volatile segments of the global financial market.
Trading on the CurrencyShares British Pound Sterling Trust ETF has soared since Britain unexpectedly voted to leave the European Union in late June, an event that hammered the country’s currency, taking it to multidecade lows. Over the month of October, nearly 3.8 million shares of the ETF changed hands, according to FactSet data…………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
October 2020
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031