# The pound is spiking on news that Brexit deal has been reached - Financial Post

> Britain and the EU reached broad agreement on a post-Brexit transition period and parts of the withdrawal treaty, including the Irish border, per Michel Barnier. Sterling rose 0.6% to $1.4048, its first breach of $1.40 since Feb 26.

- Date: 2018-03-19 · published 2018-03-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/66233-the-pound-is-spiking-on-news-that-brexit-deal-has-been-reached-financial-post
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer pound lowers the cost of UK-bound imports priced in dollars and shifts sterling-linked feed trade economics; the effect on grain and feed prices is indirect.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/investing/update-1-sterling-surges-as-britain-eu-ready-brexit-transition-deal/

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