# Pound Slides 1% After Boris Johnson Fans Fears of No UK-EU Trade Deal - Markets Insider

> Sterling fell 1.1% against the dollar and 0.9% against the euro on 3 February 2020 after Prime Minister Boris Johnson signalled a tough stance in EU exit talks. Markets feared the UK could end the transition period in 2020 without a trade deal.

- Date: 2020-02-03 · published 2020-02-03T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/54832-pound-slides-1-after-boris-johnson-fans-fears-of-no-uk-eu-trade-deal-markets
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Rising no-deal risk weakens sterling and can lift the dollar, which marginally affects the cost of dollar-priced feed imports into the UK.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- markets.businessinsider.com: https://markets.businessinsider.com/news/stocks/pound-slides-1-percent-boris-johnson-fans-fears-trade-deal-2020-2-1028868259

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