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British Pound Sterling ETF Retreats on U.K.’s Recession Risks

By: ETF Trends

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...

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British Pound Sterling ETF Retreats on U.K.’s Recession Risks