Sterling Could Get A Lift After BoE Comments (FXB)

The British pound may get a boost on news that the Bank of England increased its asset purchase program to 200 billion pounds from 175 billion pounds. Economists had been expecting the program to swell to 225 billion pounds and the lower figure could set sterling bulls afire.

The ETF Professor recommends the CurrencyShares British Pound Sterling Trust (NSYE: FXB) as the ETF way to play a stronger British pound.

Hawkish comments from the BoE about inflation and a few lines about positive economic being nearby could have sterling move higher against the greenback. FXB is up 9.5% year-to-date and the Professor thinks more bullishness could be on the way.