# Sterling tumbles on Brexit worries; dollar rebounds

> Sterling fell to its weakest level in about 18 months against the dollar after UK Prime Minister Theresa May postponed a parliamentary vote on her Brexit deal. The dollar recovered modestly after its steepest weekly drop in three months, as traders trimmed bets on a less aggressive Federal Reserve.

- Date: 2018-12-10 · published 2018-12-10T12:00:00.000Z
- Category: geopolitics · region UK · magnitude low
- Page: https://feedsoft.ai/events/61814-sterling-tumbles-on-brexit-worries-dollar-rebounds
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar against sterling and other currencies can make US-origin feed ingredients more expensive for non-dollar buyers, while weakening import demand from the UK.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-02 | [Euro Declines on Dollar Strength](https://feedsoft.ai/events/11007-euro-declines-on-dollar-strength.md) | +1.4% | +2.6% |
| DXY | 2022-02-28 | [Sterling falls vs dollar, rises against euro after Western sanctions on Russia \| Financial Post](https://feedsoft.ai/events/42940-sterling-falls-vs-dollar-rises-against-euro-after-western-sanctions-on-russia.md) | +1.2% | +0.5% |
| DXY | 2026-02-02 | [Oil Falls 5%, ULSD Tumbles 14% on De-Risking Over Iran](https://feedsoft.ai/events/5923-oil-falls-5-ulsd-tumbles-14-on-de-risking-over-iran.md) | +0.3% | +0.7% |
| DXY | 2022-03-11 | [Speculators' net long bets on U.S. dollar edge higher -CFTC, Reuters](https://feedsoft.ai/events/42442-speculators-net-long-bets-on-u-s-dollar-edge-higher-cftc-reuters.md) | -0.6% | -0.3% |
| DXY | 2022-02-25 | [Euro tries to recover after tumbling on Russian invasion of Ukraine - Markets - Business Recorder](https://feedsoft.ai/events/9837-euro-tries-to-recover-after-tumbling-on-russian-invasion-of-ukraine-markets.md) | +0.0% | +0.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/12/10/forex-markets-us-jobs-data-dollar-british-pound-japanese-yen-in-focus.html

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