# Exchange Rates Today 27.02.2020 Edition: UK Pound Sells-Off On Budget Tax Delay, Euro Best Performer, Dollar Wobbles As US Stock Markets Crash

> On 27 February 2020 sterling sold off after the new Chancellor was reported to be delaying major tax and spending decisions until autumn. The dollar wobbled as US stock markets fell on coronavirus fears, and the euro was the best performer among majors.

- Date: 2020-03-01 · published 2020-03-01T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/54828-exchange-rates-today-27-02-2020-edition-uk-pound-sells-off-on-budget-tax-delay
- 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 firmer dollar against sterling and the euro reflects risk-off flows that can pressure dollar-denominated grain and oilseed prices, though the effect here is modest.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-31 | [Exchange Rates News Today: Pound Sterling Best Performer, Euro Flat, Dollar Firms As Stocks Rebound \| Exchange Rates UK](https://feedsoft.ai/events/62804-exchange-rates-news-today-pound-sterling-best-performer-euro-flat-dollar-firms.md) | -0.6% | -0.0% |
| DXY | 2021-03-05 | [Exchange Rates Today 05.03.2021: Pound And Euro Fall As Dollar Soars As Powell Ignores Inflation And Rates](https://feedsoft.ai/events/11418-exchange-rates-today-05-03-2021-pound-and-euro-fall-as-dollar-soars-as-powell.md) | +0.2% | +0.9% |
| DXY | 2019-08-01 | [British Pound To US Dollar (GBP/USD) Exchange Rate Hits New Post-2017 Worst As Bank Of England Cuts UK Growth Outlook \| Exchange Rates UK](https://feedsoft.ai/events/57848-british-pound-to-us-dollar-gbp-usd-exchange-rate-hits-new-post-2017-worst-as.md) | +1.1% | +2.1% |
| DXY | 2024-03-27 | [Exchange Rates Today: Dollar At 34-Year High Vs Yen, Pound Euro Steady](https://feedsoft.ai/events/31471-exchange-rates-today-dollar-at-34-year-high-vs-yen-pound-euro-steady.md) | +0.2% | +1.4% |
| DXY | 2019-01-31 | [Pound-to-Dollar Outlook: GBP/USD Exchange Rate Slides As US Payrolls Beat Expectations](https://feedsoft.ai/events/61331-pound-to-dollar-outlook-gbp-usd-exchange-rate-slides-as-us-payrolls-beat.md) | +0.1% | +0.4% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/28733/exchange-rates-daily-today-27-02-2020-pound-tumbles-on-uk-budget-tax-delay,-euro-best-performer,-dollar-wobbles-as-us-stock-markets-stall.html

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