# 2020-2021 Exchange Rate Forecast: Pound Sterling And Dollar To Lose Ground This Year Say Commerzbank

> Commerzbank forecasts that the US economy will slow sharply in 2020, with GDP growth of 1.7%, and that both sterling and the dollar will lose ground this year. It expects the US-China phase-one trade deal to calm tensions without resolving the underlying conflict.

- Date: 2020-02-12 · published 2020-02-12T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/54834-2020-2021-exchange-rate-forecast-pound-sterling-and-dollar-to-lose-ground-this
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker dollar outlook supports dollar-priced commodities such as grains and oilseeds, while slower US growth and trade tensions cap demand expectations.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-30 | [Pound To Dollar Rate Forecast: Could A Dovish BoE Weigh On GBP/USD Rates This Week? \| Exchange Rates UK](https://feedsoft.ai/events/51866-pound-to-dollar-rate-forecast-could-a-dovish-boe-weigh-on-gbp-usd-rates-this.md) | +0.1% | +1.4% |
| DXY | 2020-03-02 | [Euro Exchange Rate Reaches 5-Week-Best As Rivals Pound Sterling And Dollar See Large Losses \| Exchange Rates UK](https://feedsoft.ai/events/6188-euro-exchange-rate-reaches-5-week-best-as-rivals-pound-sterling-and-dollar-see.md) | -0.8% | +4.0% |
| DXY | 2017-04-01 | [Bullish British Pound To Dollar Rate Today On Better-than-Forecast UK Sales](https://feedsoft.ai/events/72235-bullish-british-pound-to-dollar-rate-today-on-better-than-forecast-uk-sales.md) | +0.2% | -0.0% |
| DXY | 2020-08-28 | [FED Sparks Currency Rate Moves, Dollar Pares Losses, Pound-Dollar Dips From 2020 Best \| Exchange Rates UK](https://feedsoft.ai/events/51869-fed-sparks-currency-rate-moves-dollar-pares-losses-pound-dollar-dips-from-2020.md) | -0.5% | +1.0% |
| DXY | 2017-06-29 | [Pound-Dollar exchange rate: Sterling hits one-month high after Mark Carney hints at UK interest rate rise \| The Independent \| The Independent](https://feedsoft.ai/events/70749-pound-dollar-exchange-rate-sterling-hits-one-month-high-after-mark-carney-hints.md) | +0.3% | -1.7% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/28588/2020-02-12-exchange-rate-forecast-pound-sterling-dollar-to-lose-ground-in-2020-2021-say-commerzbank.html

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