British Pound Sterling ETF Retreats on U.K.’s Recession Risks
May 05, 2022 at 18:09 PM EDT
The United Kingdom’s pound sterling and currency-related exchange traded fund plunged Thursday after the Bank of England hiked rates to their highest level since 2009 but warned of recession risks. The currency-focused Invesco Currency Shares British Pound Sterling (NYSEArca: FXB), which...
