# Brexit Progress Supports Pound Sterling against Euro and Dollar in a Stormy Market

> Sterling gained against the euro and other currencies on reports that Brexit negotiators had resolved some major disagreements. The dollar strengthened broadly as new European lockdowns hit markets.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: policy · region UK · magnitude low
- Page: https://feedsoft.ai/events/50877-brexit-progress-supports-pound-sterling-against-euro-and-dollar-in-a-stormy
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Progress on Brexit supports sterling, while risk-off dollar strength from lockdowns works against non-dollar currencies and dollar-priced commodity demand in Europe.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-07 | [U.S. Dollar Rises Following Budget Agreement - WSJ](https://feedsoft.ai/events/12001-u-s-dollar-rises-following-budget-agreement-wsj.md) | +0.2% | +0.7% |
| DXY | 2021-06-24 | [Corn Market 271 \| Maiz'Europ'](https://feedsoft.ai/events/46612-corn-market-271-maiz-europ.md) | +0.2% | +1.0% |
| DXY | 2016-11-30 | [Oil soars on OPEC hopes, dollar renews its surge](https://feedsoft.ai/events/8566-oil-soars-on-opec-hopes-dollar-renews-its-surge.md) | -0.6% | +1.3% |
| DXY | 2017-10-10 | [E.U. lowers maize, sorghum and rye import duties \| World-grain.com \| October 10, 2017 13:51 \| World Grain](https://feedsoft.ai/events/68532-e-u-lowers-maize-sorghum-and-rye-import-duties-world-grain-com-october-10-2017.md) | -0.2% | +0.8% |
| DXY | 2022-06-21 | [SBV ready with funds to keep forex market stable: official](https://feedsoft.ai/events/41259-sbv-ready-with-funds-to-keep-forex-market-stable-official.md) | -0.9% | +1.0% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/14460-pound-to-euro-and-dollar-brexit-progress-but-stormy-markets

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