# Trump worries hit dollar; pound boosted by Brexit court ruling

> The dollar weakened against the yen on U.S. election worries, while sterling rose more than one percent after a UK court ruled Parliament must approve the start of Brexit talks. The dollar recovered some ground against the euro ahead of a Fed meeting that pointed to a possible December rate hike.

- Date: 2016-11-03 · published 2016-11-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/74075-trump-worries-hit-dollar-pound-boosted-by-brexit-court-ruling
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer dollar outlook from a likely Fed hike tends to pressure dollar-denominated commodity prices, while the election uncertainty keeps currency volatility elevated.

## Read by commodity

- DXY: neutral
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-31 | [Trump bets on Fed cuts to help the dollar. Don't count on it](https://feedsoft.ai/events/56774-trump-bets-on-fed-cuts-to-help-the-dollar-don-t-count-on-it.md) | -0.1% | +0.8% |
| DXY | 2016-11-04 | [Stocks slip on US election nerves; pound up on Brexit ruling - The HinduBusinessLine](https://feedsoft.ai/events/74077-stocks-slip-on-us-election-nerves-pound-up-on-brexit-ruling-the.md) | +1.9% | +2.9% |
| DXY | 2018-07-31 | [British Pound US Dollar X-Rate Forecast Warning: No BoE Hike Would Crush GBP/USD To 1.28](https://feedsoft.ai/events/64275-british-pound-us-dollar-x-rate-forecast-warning-no-boe-hike-would-crush-gbp-usd.md) | +0.6% | +0.6% |
| DXY | 2018-07-19 | [Dollar and gold falters as Trump hits fed, stocks drop: markets wrap - MINING.COM](https://feedsoft.ai/events/63947-dollar-and-gold-falters-as-trump-hits-fed-stocks-drop-markets-wrap-mining-com.md) | -0.4% | +1.6% |
| 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/2016/11/02/dollar-edgy-after-slumping-on-us-election-jitters.html

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