# Surprise Brexit vote unleashes scramble for dollars

> Traders rushed into dollars on Friday after Britain voted to leave the European Union, buying US Treasuries and unwinding bets tied to a Remain outcome. The move was a surprise to markets that had expected the vote to stay.

- Date: 2016-06-24 · published 2016-06-24T12:00:00.000Z
- Category: macro · region US · magnitude high
- Page: https://feedsoft.ai/events/6956-surprise-brexit-vote-unleashes-scramble-for-dollars
- 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 rush into dollars strengthens the US currency, which tends to lower dollar-quoted grain and meal prices and makes US exports relatively more expensive for importers. The effect on feed markets is mainly through currency and risk sentiment.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2016-06-24 | 1 | -2.2% | -4.6 | The surprise result set off a scramble for dollars and Treasuries as Remain bets were unwound, pushing EUR/USD lower. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-09 | [Dollar surges most since Brexit after Trump election surprise (VIDEO) \| Malay Mail](https://feedsoft.ai/events/8180-dollar-surges-most-since-brexit-after-trump-election-surprise-video-malay-mail.md) | +3.1% | +3.3% |
| DXY | 2018-11-12 | [Forex market: Fed, Brexit and dollar in focus](https://feedsoft.ai/events/62251-forex-market-fed-brexit-and-dollar-in-focus.md) | -0.4% | -0.2% |
| DXY | 2018-10-22 | [US dollar rises as pound falls amid Brexit negotiations](https://feedsoft.ai/events/62807-us-dollar-rises-as-pound-falls-amid-brexit-negotiations.md) | +0.5% | +1.0% |
| DXY | 2025-07-31 | [Dollar's surprise rebound stymies anti-Trump trades](https://feedsoft.ai/events/23951-dollar-s-surprise-rebound-stymies-anti-trump-trades.md) | -0.7% | -0.6% |
| DXY | 2019-02-28 | [Pound-to-Dollar Rate Retreats on U.S. GDP Growth Surprise](https://feedsoft.ai/events/60858-pound-to-dollar-rate-retreats-on-u-s-gdp-growth-surprise.md) | +0.8% | +1.0% |
| EURUSD | 2016-11-09 | [Dollar surges most since Brexit after Trump election surprise (VIDEO) \| Malay Mail](https://feedsoft.ai/events/8180-dollar-surges-most-since-brexit-after-trump-election-surprise-video-malay-mail.md) | -3.0% | -3.7% |
| EURUSD | 2018-10-22 | [US dollar rises as pound falls amid Brexit negotiations](https://feedsoft.ai/events/62807-us-dollar-rises-as-pound-falls-amid-brexit-negotiations.md) | -1.1% | -0.6% |
| EURUSD | 2019-09-03 | [Sterling falls before Brexit vote, euro down on rate outlook](https://feedsoft.ai/events/12334-sterling-falls-before-brexit-vote-euro-down-on-rate-outlook.md) | +0.6% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/usa-moneymarkets-idUSL1N19G226/?feedName=usDollarRpt&feedType=RSS

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