GBBEF Stock, iPath GBP/USD Exchange Rate ETN Information

The investment seeks to provide investors with exposure to the British poundU.S. dollar exchange rate the GBPUSD exchange rate or the index. The GBPUSD exchange rate is a foreign exchange spot rate that measures the relative values of two currencies the British pound and the U.S. dollar. When the British pound appreciates relative to the U.S. dollar the GBPUSD exchange rate and the value of the ETNs increases when the British pound depreciates relative to the U.S. dollar the GBPUSD exchange rate and the value of the ETNs decreases.