Depending on who you ask, you might hear that Britain is headed for technical recession with the pound sinking even more in value relative to the dollar – or that the country is poised for economic growth following Brexit. Throughout 2017, the currency’s value versus developed countries continued to weaken following new lows reached in 2016. As of August 15, 2018 it stands at around $1.27, not far from where its stood throughout 2018, briefly topping $1.42 in April, but otherwise showing little movement.

As such, the currency’s relative weakness may provide an attractive entry point for investors willing to wait out the economic turmoil and bet on a recovery. If you are considering adding exposure to the British pound, these three exchange-traded funds (ETFs) may be a good place to start. (See also: The British Pound: What Every Forex Trader Needs to Know.)

Note: Funds were chosen based on currency exposure and performance. All data is accurate as of August 15, 2018.

1. Invesco CurrencyShares British Pound Sterling (FXB)

  • Assets under Management: $155.09 million
  • 2017 Performance: 9.10%
  • 2018 YTD Performance: -2.95%
  • Expense Ratio: 0.40%
  • Price: $123.17

FXB is one of two major players in the British pound space offering investors pure exposure to the British pound sterling. At a cost of 40 basis points, FXB employs the simple strategy of holding physical pounds on deposit, albeit in an uninsured deposit account at JPMorgan Chase & Co. The Fund has good liquidity and tight spreads, making it…