WisdomTree Short GBP Long USD 3x Daily

WisdomTree Short GBP Long USD 3x Daily is an Exchange Traded Product that aims to deliver three times the inverse daily performance of the British Pound against the US Dollar. It accomplishes this by holding leveraged short positions in GBP through foreign exchange forward contracts and leveraging the interest rate differences between the British Pound and the US Dollar. This setup allows investors to amplify the daily movements of the GBP/USD exchange rate, providing a magnified return based on the currency pair's performance.