# Sterling falls before Brexit vote, euro down on rate outlook

> The euro fell to a 28-month low against the dollar as markets priced in deeper negative euro-zone rates and a likely ECB rate cut. Sterling also fell ahead of a Brexit parliamentary vote, while the dollar strengthened as the US-China trade dispute intensified.

- Date: 2019-09-03 · published 2019-09-03T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/12334-sterling-falls-before-brexit-vote-euro-down-on-rate-outlook
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker euro and pound make dollar-priced commodities relatively more expensive for European buyers, which is modestly bearish for US commodity prices. Euro-zone stimulus expectations signal weak European demand.

## Read by commodity

- EURUSD: bearish ▼
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-02-02 | [Euro, sterling dip as investors assess rate outlook](https://feedsoft.ai/events/37536-euro-sterling-dip-as-investors-assess-rate-outlook.md) | -1.7% | -2.9% |
| 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 | 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) | -1.4% | -2.4% |
| EURUSD | 2016-06-24 | [European stocks plummet on Brexit vote; DAX, CAC slides 10%, pound falls](https://feedsoft.ai/events/6960-european-stocks-plummet-on-brexit-vote-dax-cac-slides-10-pound-falls.md) | -3.0% | -3.6% |
| EURUSD | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | +0.3% | +1.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/09/03/forex-markets-brexit-us-china-trade-war-in-focus.html

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