Sterling ETF Hit by Near-10% Outflow as Pound Rally Tests Investor Nerves
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The Invesco CurrencyShares British Pound Sterling Trust, ticker FXB, saw investors withdraw $6.47 million on January 21, 2026, a sizable one-day outflow that amounts to roughly 9.1% of its assets under management. The fund now oversees about $71.3 million, with the latest redemption marking one of the more pronounced shifts in positioning towards the British pound in recent weeks.
The related asset, FX:GBP-USD, is currently trading around 1.36705, up about 2.17% over the past three months, reflecting a steady if unspectacular appreciation in the currency pair. Despite that advance, the short-term picture remains constructive: the one-day technical signal is rated Strong Buy, suggesting momentum and trend indicators continue to favor further gains for sterling against the dollar.
The disconnect between FXB’s sizeable outflows and the pound’s firm technical backdrop may point to profit-taking after the recent grind higher, or to broader risk-off rotation in currency exposure rather than a direct bearish call on sterling itself. With nearly a tenth of the ETF’s capital exiting in a single session, institutional investors appear to be actively recalibrating their hedges and speculative positions even as market signals still lean bullish on the underlying FX pair.
For a more detailed analysis and real-time sentiment trends, check the live currency exchange rates here.