# Pound falls vs dollar, rises vs euro on bank woes

> The British pound fell against the dollar but rose against a sharply weaker euro as European bank fears grew. Credit Suisse shares plunged more than 30% at one point after its largest investor declined to provide further aid.

- Date: 2023-03-15 · published 2023-03-15T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/10080-pound-falls-vs-dollar-rises-vs-euro-on-bank-woes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Safe-haven dollar demand from European banking stress tends to pressure dollar-priced commodities, and currency swings alter the cost of imported feed for European and UK buyers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2023-03-15 | 1 | -1.7% | -3.5 | Confirms a sharply weaker euro on European bank worries, but it mainly describes sterling and adds little independent causal information. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-27 | [Dollar rises on Fed rate outlook; euro falls on Italian budget woes](https://feedsoft.ai/events/63247-dollar-rises-on-fed-rate-outlook-euro-falls-on-italian-budget-woes.md) | +0.4% | +1.6% |
| DXY | 2023-11-30 | [Euro-Dollar Falls on Big Inflation Drop](https://feedsoft.ai/events/33380-euro-dollar-falls-on-big-inflation-drop.md) | +0.6% | -1.2% |
| DXY | 2018-10-22 | [US dollar rises as pound falls amid Brexit negotiations](https://feedsoft.ai/events/62807-us-dollar-rises-as-pound-falls-amid-brexit-negotiations.md) | +0.5% | +1.0% |
| DXY | 2023-03-15 | [Euro Slumps against Pound and Dollar as European Banking Fears Rise](https://feedsoft.ai/events/10082-euro-slumps-against-pound-and-dollar-as-european-banking-fears-rise.md) | -0.1% | -1.2% |
| DXY | 2018-09-28 | [Dollar gains on euro woes, Fed rate outlook](https://feedsoft.ai/events/63239-dollar-gains-on-euro-woes-fed-rate-outlook.md) | +0.6% | +1.3% |
| EURUSD | 2018-09-27 | [Dollar rises on Fed rate outlook; euro falls on Italian budget woes](https://feedsoft.ai/events/63247-dollar-rises-on-fed-rate-outlook-euro-falls-on-italian-budget-woes.md) | -2.0% | -3.3% |
| EURUSD | 2023-11-30 | [Euro-Dollar Falls on Big Inflation Drop](https://feedsoft.ai/events/33380-euro-dollar-falls-on-big-inflation-drop.md) | -1.6% | +0.9% |
| EURUSD | 2018-10-22 | [US dollar rises as pound falls amid Brexit negotiations](https://feedsoft.ai/events/62807-us-dollar-rises-as-pound-falls-amid-brexit-negotiations.md) | -1.1% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/pound-slips-further-one-month-high-ahead-budget-2023-03-15/

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