# Exchange Rates News Today: Pound Sterling Best Performer, Euro Flat, Dollar Firms As Stocks Rebound | Exchange Rates UK

> Sterling slid to around 1.27 against the dollar after S&P warned that a no-deal Brexit could cause two consecutive years of contraction. The dollar strengthened against all G10 currencies, with month-end demand cited as a driver. Analysts note the pound looks oversold but the Bank of England is unlikely to sound hawkish.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/62804-exchange-rates-news-today-pound-sterling-best-performer-euro-flat-dollar-firms
- 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 stronger dollar against major currencies is a modest headwind for US dollar-denominated feed and grain prices, with the effect mainly through export competitiveness.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-01 | [Exchange Rates Today 27.02.2020 Edition: UK Pound Sells-Off On Budget Tax Delay, Euro Best Performer, Dollar Wobbles As US Stock Markets Crash](https://feedsoft.ai/events/54828-exchange-rates-today-27-02-2020-edition-uk-pound-sells-off-on-budget-tax-delay.md) | -0.8% | +4.0% |
| DXY | 2024-03-27 | [Exchange Rates Today: Dollar At 34-Year High Vs Yen, Pound Euro Steady](https://feedsoft.ai/events/31471-exchange-rates-today-dollar-at-34-year-high-vs-yen-pound-euro-steady.md) | +0.2% | +1.4% |
| DXY | 2018-03-29 | [Stronger Dollar To Pound Sterling Exchange Rate As US Growth Impresses Investors](https://feedsoft.ai/events/66236-stronger-dollar-to-pound-sterling-exchange-rate-as-us-growth-impresses-investors.md) | +0.1% | +1.6% |
| DXY | 2021-03-05 | [Exchange Rates Today 05.03.2021: Pound And Euro Fall As Dollar Soars As Powell Ignores Inflation And Rates](https://feedsoft.ai/events/11418-exchange-rates-today-05-03-2021-pound-and-euro-fall-as-dollar-soars-as-powell.md) | +0.2% | +0.9% |
| DXY | 2017-11-03 | [British Pound Tanks Vs Euro, Dollar Exchange Rates After BoE Hike - ING Exchange Rate Forecast](https://feedsoft.ai/events/68239-british-pound-tanks-vs-euro-dollar-exchange-rates-after-boe-hike-ing-exchange.md) | +0.0% | -1.0% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/23374/exchange-rates-news-today-pound-sterling-to-worry-boe-euro-falls-on-gdp-us-dollar-mixed-on-trade-fears.html

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