# Forex market: Brexit, US China trade in focus

> The British pound swung after Prime Minister Boris Johnson called for a December 12 national election to break the Brexit deadlock. Sterling finished about 0.5% lower against the dollar at $1.285 after recouping early losses. Lawmakers had earlier blocked Johnson's plan to exit the EU on October 31.

- Date: 2019-10-24 · published 2019-10-24T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/56802-forex-market-brexit-us-china-trade-in-focus
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Political uncertainty drives currency moves that influence dollar-denominated commodity prices and the competitiveness of UK import demand. Impact on feed grain prices is limited.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-28 | [Dollar supported before Fed meeting, Brexit delay in focus - The HinduBusinessLine](https://feedsoft.ai/events/56780-dollar-supported-before-fed-meeting-brexit-delay-in-focus-the-hindubusinessline.md) | -0.3% | +0.8% |
| DXY | 2020-05-29 | [FOREX-Yen perks up, dollar sags as markets jittery before Trump speaks on China \| Business](https://feedsoft.ai/events/53366-forex-yen-perks-up-dollar-sags-as-markets-jittery-before-trump-speaks-on-china.md) | -1.4% | -0.6% |
| DXY | 2024-04-29 | [Market trades with caution ahead of US Fed rate decision this week](https://feedsoft.ai/events/31036-market-trades-with-caution-ahead-of-us-fed-rate-decision-this-week.md) | -0.7% | -1.1% |
| DXY | 2020-02-26 | [USD: Focus on the Fed - ING: Analytics and Market news from 26 February 2020 11:19](https://feedsoft.ai/events/54778-usd-focus-on-the-fed-ing-analytics-and-market-news-from-26-february-2020-11-19.md) | -0.6% | +7.0% |
| DXY | 2021-03-04 | [Reflation trades in FX markets expected to continue in March - Reuters poll](https://feedsoft.ai/events/10061-reflation-trades-in-fx-markets-expected-to-continue-in-march-reuters-poll.md) | +0.7% | +0.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/10/24/forex-market-brexit-us-china-trade-in-focus.html

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