# Pound recovers from $1.20 tumble as government loses majority - as it happened | Business | The Guardian

> Sterling dropped to $1.1959 in early trading, its weakest level since the October 2016 flash crash and weakest in regular trading since 1985. The fall followed fears of a no-deal Brexit on October 31 and MPs' efforts to block it.

- Date: 2019-09-03 · published 2019-09-03T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/57320-pound-recovers-from-1-20-tumble-as-government-loses-majority-as-it-happened
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A sharp sterling sell-off signals acute Brexit risk, strengthening the dollar against a major currency. Direct impact on feed commodity prices is limited.

## Sources

- theguardian.com: https://www.theguardian.com/business/live/2019/sep/03/pound-plunges-snap-election-uk-construction-recession-sterling-markets-business-live

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