# The British Pound, Euro And US Dollar (GBP, EUR, USD) Exchange Rate Forecasts - Brexit Update | Exchange Rates UK

> Euro-sterling rose after weaker-than-expected Eurozone manufacturing PMI finals and a fall in German retail sales. Italy approved a 2.4% budget deficit that raised debt-crisis concerns, and UK finance minister Hammond cited Brexit-related economic damage.

- Date: 2018-09-30 · published 2018-09-30T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/63290-the-british-pound-euro-and-us-dollar-gbp-eur-usd-exchange-rate-forecasts-brexit
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Euro weakness from Italian budget concerns and soft euro-area data can lift the dollar against the euro, affecting dollar-priced commodity import values. The link to feed prices is indirect.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-12-28 | [Euro To Dollar Forecast: Rally In EUR USD Exchange Rate Falters And 2017 Looks Bearish](https://feedsoft.ai/events/73670-euro-to-dollar-forecast-rally-in-eur-usd-exchange-rate-falters-and-2017-looks.md) | +0.2% | +2.2% |
| EURUSD | 2022-10-28 | [Euro US Dollar Exchange Rate Falls \| Exchange Rates UK](https://feedsoft.ai/events/39364-euro-us-dollar-exchange-rate-falls-exchange-rates-uk.md) | -2.3% | +4.0% |
| EURUSD | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.2% | +2.5% |
| EURUSD | 2018-12-14 | [ECB Meeting Produces The Good And The Bad For The Euro \| Exchange Rates UK](https://feedsoft.ai/events/61770-ecb-meeting-produces-the-good-and-the-bad-for-the-euro-exchange-rates-uk.md) | +0.7% | +0.4% |
| EURUSD | 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) | -0.6% | -2.3% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/23099/gbp-eur-usd-exchange-rate-news-updates-and-future-forecast.html

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