# British Pound Hits Multi-Week Lows as Investors Rush to Buy Options Protecting Against 'No Deal' Brexit

> The British pound fell to about 1.2735 against the dollar, near two-month lows, as Brexit talks stalled. Betting markets put the odds of a no-deal Brexit at around 50%, up from 35% in October. Investors are buying options to protect against sterling weakness in November and December.

- Date: 2018-10-30 · published 2018-10-30T12:00:00.000Z
- Category: geopolitics · region UK · magnitude low
- Page: https://feedsoft.ai/events/62805-british-pound-hits-multi-week-lows-as-investors-rush-to-buy-options-protecting
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Brexit uncertainty drives currency volatility that affects the relative competitiveness of UK and dollar-linked feed purchases, but it has little direct effect on feed supply.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/10227-gbp-to-usd-and-eur-deep-unease-brexit

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