# Brexit Pound Analysis: British Pound Has Rallied 5% Vs Euro, Dollar But How Much Has GBP Discounted A No Deal Brexit? | Exchange Rates UK

> The pound has rallied about 5 percent against the euro and dollar since early January, reaching multi-month highs and posting its largest weekly gain in over 15 months. Bookmaker odds for a no-deal Brexit by April 1 have been cut sharply. The March 29 deadline and political deadlock remain.

- Date: 2019-01-28 · published 2019-01-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/61332-brexit-pound-analysis-british-pound-has-rallied-5-vs-euro-dollar-but-how-much
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Sterling strength reflects lower no-deal risk, which eases UK import costs for feed and changes the currency backdrop for dollar-priced grain trade.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-28 | [MUFG: No Guarantee Higher Rates Will Result In A Stronger Dollar \| Exchange Rates UK](https://feedsoft.ai/events/66700-mufg-no-guarantee-higher-rates-will-result-in-a-stronger-dollar-exchange-rates.md) | -0.1% | -0.5% |
| DXY | 2019-03-06 | [Exchange & Interest Rate Forecasts For Euro, Dollar And Pound Sterling: ING](https://feedsoft.ai/events/60348-exchange-and-amp-interest-rate-forecasts-for-euro-dollar-and-pound-sterling-ing.md) | +0.1% | +0.3% |
| DXY | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | +0.5% | -0.3% |
| DXY | 2018-07-31 | [British Pound US Dollar X-Rate Forecast Warning: No BoE Hike Would Crush GBP/USD To 1.28](https://feedsoft.ai/events/64275-british-pound-us-dollar-x-rate-forecast-warning-no-boe-hike-would-crush-gbp-usd.md) | +0.6% | +0.6% |
| DXY | 2017-03-27 | [Goldman Sachs: Weak British Pound Means Weaker Consumer, BoE Looks Through Inflation \| Exchange Rates UK](https://feedsoft.ai/events/72231-goldman-sachs-weak-british-pound-means-weaker-consumer-boe-looks-through.md) | +0.1% | +0.2% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/24467/brexit-pound-analysis-british-pound-has-rallied-5pct-vs-euro-dollar-but-how-much-has-gbp-discounted-a-no-deal-brexit.html

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