British Pound ETF Climbs on Progress in Brexit Negotiations

This article was originally published on ETFTrends.com.

The British pound jumped against the U.S. dollar Wednesday after an European Union official revealed progress has been made in the ongoing Brexit negotiations. On Wednesday, the CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) increased 1.0% and VelocityShares Daily 4X Long GBP vs. USD (NYSEArca: UGBP) surged 3.8% as the British pound appreciated 1.0% to [...]

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