# Brazilian Real Report - GBP/BRL Surges To 5-Month Best Rate As Former President Arrest Throws Pension Reforms Into Doubt

> The GBP/BRL cross reached a five-month high of 5.1844 on Monday, meaning the real weakened against sterling. The move followed the arrest of former president Michel Temer on corruption charges and a smaller-than-expected cut to the military budget, which raised doubts about pension reform. Gains eased slightly into Tuesday.

- Date: 2019-03-25 · published 2019-03-25T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/60307-brazilian-real-report-gbp-brl-surges-to-5-month-best-rate-as-former-president
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

The move reflects a weaker real driven by political uncertainty, which can make Brazilian agricultural exports more competitive. The effect on feed commodity prices is modest because the report is a cross-rate update.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-10-23 | [Market braces for pressure on Brazilian real as Trump’s chances rise](https://feedsoft.ai/events/28085-market-braces-for-pressure-on-brazilian-real-as-trump-s-chances-rise.md) | +0.6% | +1.4% |
| USDBRL | 2020-03-05 | [Brazilian Real (BRL USD) Plunges to Record Low as Rate Cut Seen - Bloomberg](https://feedsoft.ai/events/9274-brazilian-real-brl-usd-plunges-to-record-low-as-rate-cut-seen-bloomberg.md) | +3.0% | +15.4% |
| USDBRL | 2019-03-28 | [No, Brazil's Currency Is Not Going To R$5 If Pension Reform Fails](https://feedsoft.ai/events/60306-no-brazil-s-currency-is-not-going-to-r-5-if-pension-reform-fails.md) | -2.9% | +0.4% |
| USDBRL | 2024-07-02 | [Stress in domestic market continues, pressures Brazilian real](https://feedsoft.ai/events/9453-stress-in-domestic-market-continues-pressures-brazilian-real.md) | -2.8% | +1.2% |
| USDBRL | 2024-10-30 | [FX rate hits 2021 high as foreign investors bet against Brazilian real](https://feedsoft.ai/events/28081-fx-rate-hits-2021-high-as-foreign-investors-bet-against-brazilian-real.md) | +0.8% | +2.6% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/25148/brazilian-real-outlook-gbp-brl-rate-surges-to-5-month-best-as-former-president-arrest-throws-pension-reforms-into-doubt.html

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