Sterling ETF Still Down 17% Year-To-Date Despite Trading Higher
October 21, 2016 at 10:30 AM EDT
The CurrencyShares British Pound Sterling Trust (NYSEArca: FXB), which tracks the British pound’s movement against the U.S. dollar, is easily one of this year’s worst-performing currency exchange traded funds, a scenario that is showing few signs of near-term improvement. FXB has traded slightly...