Thursday’s ETF To Watch: CurrencyShares British Pound Trust (FXB)

By: ETFdb
Although Greece passed austerity measures last week, the euro zone is not out of the woods on its debt crisis by a long shot. Further plans to help Greece could be viewed as a default by some ratings agencies and Portugal was recently downgraded to junk status, casting further doubt over peripheral members of the euro zone. Nevertheless, the ECB looks to raise rates later today at its policy meeting, suggesting that even with all the troubles, a move higher in rates is warranted in order to help keep quickly growing economies like Germany in check. Thanks to this likely move, the pressure looks to be on the central bank of England which also meets today, as many traders will likely look for the BOE to make a move closer to raising rates in order to curtail rising inflation concerns which are beginning to plague the British economy. Despite inflation that is above [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Tread Lightly In Uncertain Times Tuesday’s ETF To Watch: Rydex CurrencyShares British Pound Sterling Trust (FXB) ETF Insider: Prudent Buying After Panic Selling ETF Insider: Buying Opportunities After Panic Selling Thursday’s ETF Chart To Watch: British Pound Trust FXB
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