# Sterling pushed up by weaker US dollar, hopes of Brexit deal | Malay Mail

> Sterling rose 0.3% to $1.3283 on a weaker US dollar and hopes for a post-Brexit trade deal before the January exit from the EU customs union. Cummings' departure from government was also cited as a reason for optimism, and UK inflation came in slightly above expectations in October.

- Date: 2020-11-18 · published 2020-11-18T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/50423-sterling-pushed-up-by-weaker-us-dollar-hopes-of-brexit-deal-malay-mail
- 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 and firmer sterling move currency-based pricing for UK buyers of dollar-priced feed inputs. The impact on feed markets is minor and mainly indirect.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-18 | [Dollar weak as Brexit deal boosts euro; sterling in check](https://feedsoft.ai/events/56788-dollar-weak-as-brexit-deal-boosts-euro-sterling-in-check.md) | -0.1% | +0.2% |
| DXY | 2018-11-05 | [Dollar slips ahead of midterm vote; sterling up on Brexit deal report - MarketWatch](https://feedsoft.ai/events/62303-dollar-slips-ahead-of-midterm-vote-sterling-up-on-brexit-deal-report-marketwatch.md) | +0.7% | +0.3% |
| DXY | 2019-06-20 | [Sterling heads higher on weaker dollar](https://feedsoft.ai/events/58853-sterling-heads-higher-on-weaker-dollar.md) | -1.1% | -0.8% |
| DXY | 2025-06-30 | [Ringgit firms up as weaker US dollar, Senate budget plans weigh on greenback \| Malay Mail](https://feedsoft.ai/events/24459-ringgit-firms-up-as-weaker-us-dollar-senate-budget-plans-weigh-on-greenback.md) | -0.0% | +0.8% |
| DXY | 2023-11-28 | [Ringgit strengthens against US dollar amid weak US housing data \| Malay Mail](https://feedsoft.ai/events/33430-ringgit-strengthens-against-us-dollar-amid-weak-us-housing-data-malay-mail.md) | +0.2% | -1.1% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money---international/2020/11/18/sterling-pushed-up-by-weaker-us-dollar-hopes-of-brexit-deal/1923856

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