How to invest in British Pound?

Discuss your favourite picks, broker, and trading or investment style.
Post Reply
mewmew
Contributor
Contributor
Posts: 155
Joined: 14 Jan 2018 22:39

How to invest in British Pound?

Post by mewmew »

How can I invest in GBP in Canada? I don't want to get a GBP savings account at the bank with the high conversion costs.
User avatar
IdOp
Veteran Contributor
Veteran Contributor
Posts: 3873
Joined: 16 Feb 2006 11:27
Location: On the Pacific sea bed, 100 mi off the CA coast.
Contact:

Re: How to invest in British Pound?

Post by IdOp »

One possibility is the US-based ETF, CurrencyShares British Pound E.T.F., symbol FXB on NYSE. You can buy it with US dollars on the US side of a Canadian brokerage account. It would count as foreign property for T-1135 reporting though. I have no idea if this comes close to what you're looking for, based on the given information.
Post Reply