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EXCEL - IDEA: XBRL DOCUMENT - CURRENCYSHARES BRITISH POUND STERLING TRUSTFinancial_Report.xls
10-K - 10-K - CURRENCYSHARES BRITISH POUND STERLING TRUSTd449428d10k.htm
XML - IDEA: XBRL DOCUMENT - CURRENCYSHARES BRITISH POUND STERLING TRUSTR2.htm
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XML - IDEA: XBRL DOCUMENT - CURRENCYSHARES BRITISH POUND STERLING TRUSTR8.htm
EX-3.2 - EX-3.2 - CURRENCYSHARES BRITISH POUND STERLING TRUSTd449428dex32.htm
EX-4.4 - PARTICIPANT AGREEMENT - CURRENCYSHARES BRITISH POUND STERLING TRUSTd449428dex44.htm
EX-23.1 - EX-23.1 - CURRENCYSHARES BRITISH POUND STERLING TRUSTd449428dex231.htm
EX-32.1 - EX-32.1 - CURRENCYSHARES BRITISH POUND STERLING TRUSTd449428dex321.htm
EX-32.2 - EX-32.2 - CURRENCYSHARES BRITISH POUND STERLING TRUSTd449428dex322.htm
EX-31.1 - EX-31.1 - CURRENCYSHARES BRITISH POUND STERLING TRUSTd449428dex311.htm
EX-31.2 - EX-31.2 - CURRENCYSHARES BRITISH POUND STERLING TRUSTd449428dex312.htm
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v2.4.0.6
Concentration Risk
12 Months Ended
Oct. 31, 2012
Concentration Risk [Abstract]  
Concentration Risk
8. Concentration Risk

All of the Trust’s assets are British Pounds Sterling, which creates a concentration risk associated with fluctuations in the price of the British Pound Sterling. Accordingly, a decline in the British Pound Sterling to USD exchange rate will have an adverse effect on the value of the Shares. Factors that may have the effect of causing a decline in the price of the British Pound Sterling include national debt levels and trade deficits, domestic and foreign inflation rates, domestic and foreign interest rates, investment and trading activities of institutions and global or regional political, economic or financial events and situations. Substantial sales of British Pounds Sterling by the official sector (central banks, other governmental agencies and related institutions that buy, sell and hold British Pounds Sterling as part of their reserve assets) could adversely affect an investment in the Shares.

All of the Trust’s British Pounds Sterling are held by the Depository. Accordingly, a risk associated with the concentration of the Trust’s assets in accounts held by a single financial institution exists and increases the potential for loss by the Trust and the Trust’s beneficiaries in the event that the Depository becomes insolvent.