# Sterling at one-month low vs euro as Brexit trade deal doubts emerge

> Sterling fell to a one-month low against the euro and dipped briefly below $1.33 as the UK and EU approached a make-or-break point in trade talks. Many investors doubted a deal would be reached, and the pound was last down 0.7% on the day.

- Date: 2020-12-02 · published 2020-12-02T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/49916-sterling-at-one-month-low-vs-euro-as-brexit-trade-deal-doubts-emerge
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Trade-deal doubt weakens the pound and raises the risk of tariffs and quotas on UK-EU trade, which would raise UK feed import costs. The effect on grain futures is limited.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/britain-sterling-idUSL8N2II1MZ/

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