# Sterling edges higher as traders focus on drawn-out Brexit talks | Financial Post

> Sterling rose against a broadly weaker dollar and edged higher against the euro as traders awaited news on post-Brexit trade talks between Britain and the EU. The pound was up 0.5% at $1.3265 at 1523 GMT, while Prime Minister Boris Johnson warned that a deal was far from certain.

- Date: 2020-11-17 · published 2020-11-17T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/50417-sterling-edges-higher-as-traders-focus-on-drawn-out-brexit-talks-financial-post
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar lifts the pound and other currencies against the USD, which can make US commodity exports cheaper for non-US buyers and support dollar-denominated grain and meal prices. The Brexit outcome itself has little direct effect on feed markets.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-07-16 | [Sterling edges higher versus dollar as investors await jobs data](https://feedsoft.ai/events/24024-sterling-edges-higher-versus-dollar-as-investors-await-jobs-data.md) | -0.7% | -0.2% |
| DXY | 2021-03-11 | [Dollar drops to one-week low as inflation fears fade; ECB in focus \| Financial Post](https://feedsoft.ai/events/48345-dollar-drops-to-one-week-low-as-inflation-fears-fade-ecb-in-focus-financial-post.md) | -0.4% | -0.3% |
| DXY | 2021-01-04 | [Yuan starts 2021 with brisk gains as traders clear key hurdles \| Financial Post](https://feedsoft.ai/events/12070-yuan-starts-2021-with-brisk-gains-as-traders-clear-key-hurdles-financial-post.md) | -0.0% | +0.9% |
| DXY | 2020-10-09 | [Dollar drifts downward as investors cling to stimulus hopes \| Financial Post](https://feedsoft.ai/events/50560-dollar-drifts-downward-as-investors-cling-to-stimulus-hopes-financial-post.md) | -0.3% | -1.9% |
| DXY | 2023-03-13 | [Sterling rises as investors rethink U.S. rate-hike path after SVB collapse \| Financial Post](https://feedsoft.ai/events/37126-sterling-rises-as-investors-rethink-u-s-rate-hike-path-after-svb-collapse.md) | +0.3% | -1.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/sterling-edges-higher-as-traders-focus-on-drawn-out-brexit-talks-3

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