# US dollar rises as pound falls amid Brexit negotiations

> The dollar rose on 22 October as sterling fell after Prime Minister May repeated her opposition to the EU's Irish border proposal. The euro also weakened on Italian budget concerns, and the dollar index was at 96.00. Moody's had downgraded Italy but kept a stable outlook.

- Date: 2018-10-22 · published 2018-10-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/62807-us-dollar-rises-as-pound-falls-amid-brexit-negotiations
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar on political risk in Europe and the UK tends to pressure dollar-denominated grain and meal prices and weaken the export appeal of US feed ingredients.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-15 | [Pound falls vs dollar, rises vs euro on bank woes](https://feedsoft.ai/events/10080-pound-falls-vs-dollar-rises-vs-euro-on-bank-woes.md) | -0.1% | -1.2% |
| DXY | 2024-08-30 | [US dollar rises broadly as inflation data underpins smaller Fed cut](https://feedsoft.ai/events/28980-us-dollar-rises-broadly-as-inflation-data-underpins-smaller-fed-cut.md) | +0.2% | -0.9% |
| DXY | 2024-11-22 | [UBS - British pound faces dollar dominance amid inflation and BoE rate cut](https://feedsoft.ai/events/27648-ubs-british-pound-faces-dollar-dominance-amid-inflation-and-boe-rate-cut.md) | -0.4% | +0.6% |
| DXY | 2026-03-27 | [Pound Slides As War Risks Lift The US Dollar - Finimize](https://feedsoft.ai/events/20432-pound-slides-as-war-risks-lift-the-us-dollar-finimize.md) | +0.1% | -1.4% |
| DXY | 2023-04-14 | [Latam FX falls as dollar rises, Peru's sol bucks trend \| Reuters](https://feedsoft.ai/events/36693-latam-fx-falls-as-dollar-rises-peru-s-sol-bucks-trend-reuters.md) | +0.6% | +0.5% |
| EURUSD | 2023-03-15 | [Pound falls vs dollar, rises vs euro on bank woes](https://feedsoft.ai/events/10080-pound-falls-vs-dollar-rises-vs-euro-on-bank-woes.md) | +0.4% | +1.7% |
| EURUSD | 2018-09-30 | [The British Pound, Euro And US Dollar (GBP, EUR, USD) Exchange Rate Forecasts - Brexit Update \| Exchange Rates UK](https://feedsoft.ai/events/63290-the-british-pound-euro-and-us-dollar-gbp-eur-usd-exchange-rate-forecasts-brexit.md) | -1.0% | -2.0% |
| EURUSD | 2023-11-30 | [US dollar falls on dovish remarks by Fed's Powell](https://feedsoft.ai/events/32901-us-dollar-falls-on-dovish-remarks-by-fed-s-powell.md) | -1.6% | +0.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/10/22/forex-markets-euro-italian-budget-brexit-in-focus.html

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