# Sterling fluctuates amid Brexit anxiety; major volatility expected in coming months

> Sterling is fluctuating as Prime Minister Theresa May launches the formal process of the UK's exit from the EU. A legal expert warned currency traders to expect significant uncertainty and volatility in coming months, while some analysts see the bearish consensus in sterling as overdone.

- Date: 2017-03-29 · published 2017-03-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/72228-sterling-fluctuates-amid-brexit-anxiety-major-volatility-expected-in-coming
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Heightened Brexit uncertainty keeps the pound volatile against the dollar and euro, which affects the cost of US dollar-denominated feed commodities for UK and European buyers.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-15 | [Sterling rises from 11-month low; investors focus on Brexit and BoE \| Reuters](https://feedsoft.ai/events/44290-sterling-rises-from-11-month-low-investors-focus-on-brexit-and-boe-reuters.md) | +0.6% | +1.2% |
| DXY | 2017-07-25 | [Analyst: US interest rates assume major role in ringgit fluctuation \| Malay Mail](https://feedsoft.ai/events/70228-analyst-us-interest-rates-assume-major-role-in-ringgit-fluctuation-malay-mail.md) | -0.3% | -0.4% |
| DXY | 2023-01-30 | [BoE Expected to Hike Rates Amid Central Bank Meetings](https://feedsoft.ai/events/38017-boe-expected-to-hike-rates-amid-central-bank-meetings.md) | +0.5% | +2.1% |
| DXY | 2025-05-31 | [Ringgit expected to trade in cautious mode next week amid US tariff uncertainty \| The Star](https://feedsoft.ai/events/24944-ringgit-expected-to-trade-in-cautious-mode-next-week-amid-us-tariff-uncertainty.md) | -0.5% | -1.9% |
| DXY | 2017-02-01 | [Sterling surges on data boost, more Brexit hope](https://feedsoft.ai/events/72734-sterling-surges-on-data-boost-more-brexit-hope.md) | +0.2% | +0.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/03/29/sterling-slips-on-brexit-anxiety.html

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