CurrencyShares British Pound Ster. Trst (AMEX:FXB)
CAPS Rating:
Exch traded fund to reflect British Pound in USD
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Exch traded fund to reflect British Pound in USD
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Fool UK
Recs
One of many currencies I have recently made an underperform call on.
If a currency outperforms the s&p for an extended period of time with this little leverage, it will be the new "American dollar" from a new global powerhouse with the military, economic conditions, tax base, stability, and political will similar to the U.S. China is my vote for the future global safehouse, but I can't see global investors trusting their capital with a communist regime. The consensus seems to be that the dollar will be slowly replaced by a basket of stable currencies, and as such, the S&P should outperform these currencies in the long run.
--Wh1sp