# Sterling remains under pressure during Brexit negotiations. | The Currency Blog

> Sterling has fallen from recent highs to 1.12 against the euro and 1.2790 against the dollar over the past couple of weeks. The commentary attributes the weakness to investor frustration over the lack of a Brexit deal and conflicting reports on the Irish border. The author expects further pound weakness if no deal is reached and notes upcoming data releases.

- Date: 2018-10-28 · published 2018-10-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/62810-sterling-remains-under-pressure-during-brexit-negotiations-the-currency-blog
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Persistent sterling weakness modestly affects the cost of dollar-priced feed ingredients for UK buyers.

## Read by commodity

- EURUSD: neutral
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-12-25 | [Currency strategists, traders differ on future of euro in 2019 - The Gulf Time Newspaper](https://feedsoft.ai/events/61771-currency-strategists-traders-differ-on-future-of-euro-in-2019-the-gulf-time.md) | -0.4% | +0.0% |
| EURUSD | 2020-01-23 | [EUR & the ECB: The good, boring funding currency \| articles \| ING THINK](https://feedsoft.ai/events/55291-eur-and-the-ecb-the-good-boring-funding-currency-articles-ing-think.md) | -0.7% | -2.6% |
| EURUSD | 2019-03-29 | [UPDATE 1-Sterling falters as PM May puts stripped-down Brexit deal to vote](https://feedsoft.ai/events/60339-update-1-sterling-falters-as-pm-may-puts-stripped-down-brexit-deal-to-vote.md) | -0.2% | -0.9% |
| EURUSD | 2021-02-18 | [Euro-Dollar Rate, the ECB's Currency Concerns and Two Competing Outlooks for 2021](https://feedsoft.ai/events/48855-euro-dollar-rate-the-ecb-s-currency-concerns-and-two-competing-outlooks-for-2021.md) | +0.8% | -1.1% |
| EURUSD | 2025-11-21 | [ECB’s Lagarde: Remains open to adjusting monetary policy if inflation deviates](https://feedsoft.ai/events/22151-ecb-s-lagarde-remains-open-to-adjusting-monetary-policy-if-inflation-deviates.md) | +0.6% | +1.6% |

## Sources

- thecurrencyblog.com: https://thecurrencyblog.com/sterling-remains-under-pressure-during-brexit-negotiations/

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