# Exchange Rates Today 27.03.2020: Best Performing Pound Sterling Above 2019 Lows, Euro Advances, US Dollar Collapses On Reduced Overseas Demand

> On March 27 the pound rose above its 2019 lows against the dollar and euro, and the dollar fell for a fifth straight day as overseas demand declined. The move followed a sharp rally in sterling that took the GBP/USD rate to about $1.22.

- Date: 2020-03-27 · published 2020-03-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54372-exchange-rates-today-27-03-2020-best-performing-pound-sterling-above-2019-lows
- 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 generally supports dollar-denominated commodity prices, including grains and meals, though this currency-only move is a routine market development. The price impact on feed is modest.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/29057/exchange-rates-daily-today-27-03-2020-pound-stages-tremendous-rally-euro-advances-us-dollar-collapses-on-reduced-overseas-demand.html

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