# UK votes to leave the EU (Brexit)

> Referendum result triggers a USD rally and broad risk-off move across commodities.

- Date: 2016-06-23 · published 2016-06-23T12:00:00.000Z
- Category: macro · region Europe
- Page: https://feedsoft.ai/events/1-uk-votes-to-leave-the-eu-brexit
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2016-06-24 | 1 | +1.7% | 4.5 | The Brexit referendum result, announced in the early hours of June 24, set off a global risk-off flight to safe havens and a collapse in sterling and the euro, driving the broad dollar's sharp 1.7% one-day gain. |
| WHEAT | 2016-06-27 | 1 | -5.8% | -6.6 | The Brexit vote (results June 23-24) drove a sharp USD rally and broad risk-off liquidation that weighed on dollar-denominated wheat into the June 27 session, though harvest pressure and weather likely also contributed. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-06-24 | [World stocks in freefall as UK votes for EU exit](https://feedsoft.ai/events/6954-world-stocks-in-freefall-as-uk-votes-for-eu-exit.md) | +1.7% | +2.5% |
| DXY | 2016-06-24 | [Surprise Brexit vote unleashes scramble for dollars](https://feedsoft.ai/events/6956-surprise-brexit-vote-unleashes-scramble-for-dollars.md) | +1.7% | +2.5% |
| DXY | 2020-08-31 | [EUR/USD: The broad trend is to the upside — Octa](https://feedsoft.ai/events/51829-eur-usd-the-broad-trend-is-to-the-upside-octa.md) | +0.1% | +1.4% |
| DXY | 2021-03-23 | [Does the US dollar have further to fall?](https://feedsoft.ai/events/48319-does-the-us-dollar-have-further-to-fall.md) | +0.8% | -0.7% |
| DXY | 2019-05-28 | [Dollar ticks up, euro's post-EU vote bounce proves brief - The HinduBusinessLine](https://feedsoft.ai/events/59289-dollar-ticks-up-euro-s-post-eu-vote-bounce-proves-brief-the-hindubusinessline.md) | +0.3% | -1.2% |
| WHEAT | 2016-06-24 | [Ag Commodities, Companies Slapped Hard by Brexit Vote - 24/7 Wall St.](https://feedsoft.ai/events/9750-ag-commodities-companies-slapped-hard-by-brexit-vote-24-7-wall-st.md) | -7.8% | -9.7% |
| WHEAT | 2016-06-20 | [EU wheat capped by firmer euro as Brexit signs wane](https://feedsoft.ai/events/10755-eu-wheat-capped-by-firmer-euro-as-brexit-signs-wane.md) | +2.7% | -8.2% |
| WHEAT | 2018-05-16 | [Corn Hands the Baton to Wheat](https://feedsoft.ai/events/10238-corn-hands-the-baton-to-wheat.md) | +4.0% | +3.6% |

## Sources

- Wikipedia: https://en.wikipedia.org/wiki/2016_United_Kingdom_European_Union_membership_referendum

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.