WisdomTree Long GBP Short USD 3x Daily
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WisdomTree Long GBP Short USD 3x Daily offers investors a leveraged investment that triples the daily movements of the British Pound against the US Dollar. It achieves this by using foreign exchange forward contracts to maintain a position that is three times long GBP and short USD. This means if the British Pound strengthens by 1% against the US Dollar in a day, the fund aims to increase by approximately 3%, and conversely, if the Pound weakens by 1%, the fund would decrease by about 3%.
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Currencyleveragemsfxsm triple long british pound total return index