# Sterling drops vs dollar; one-week volatility jumps ahead of US elections | Malay Mail

> Sterling fell against the dollar as risk aversion grew over a resurgence of Covid-19 in Europe and new lockdowns in Italy and France. Global equities fell for a third session and the FTSE 100 hit a six-month low.

- Date: 2020-10-28 · published 2020-10-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50878-sterling-drops-vs-dollar-one-week-volatility-jumps-ahead-of-us-elections-malay
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Renewed lockdowns in Europe weaken demand and risk appetite, and a stronger dollar makes dollar-priced feed commodities more expensive for non-US buyers.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-28 | [Ringgit extends downtrend vs dollar ahead of US fed decision on interest rates next week \| Malay Mail](https://feedsoft.ai/events/39383-ringgit-extends-downtrend-vs-dollar-ahead-of-us-fed-decision-on-interest-rates.md) | +1.2% | -2.4% |
| DXY | 2024-10-28 | [Ahead of US election, ringgit closes lower against US dollar amid cautious sentiment \| Malay Mail](https://feedsoft.ai/events/28137-ahead-of-us-election-ringgit-closes-lower-against-us-dollar-amid-cautious.md) | +0.2% | +1.9% |
| DXY | 2025-03-31 | [Pound Sterling weakens against US Dollar ahead of Trump's reciprocal tariffs](https://feedsoft.ai/events/25837-pound-sterling-weakens-against-us-dollar-ahead-of-trump-s-reciprocal-tariffs.md) | -0.5% | -2.8% |
| DXY | 2023-09-19 | [Ringgit extends downtrend vs dollar ahead of US Federal Open Market Committee meeting \| Malay Mail](https://feedsoft.ai/events/34369-ringgit-extends-downtrend-vs-dollar-ahead-of-us-federal-open-market-committee.md) | +0.8% | +1.6% |
| DXY | 2021-11-04 | [Dollar rebounds, sterling slumps, as market resets rate expectations](https://feedsoft.ai/events/44289-dollar-rebounds-sterling-slumps-as-market-resets-rate-expectations.md) | -0.2% | +1.6% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money---international/2020/10/28/sterling-drops-vs-dollar-one-week-volatility-jumps-ahead-of-us-elections/1917187

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