It depends.
I find my BG depends greatly on the type of exercise, time of exercise, length of exercise, my fitness and when I last took my insulin.
For example,
- climbing ALWAYS increases by BG.
- Short run (15 minutes) increases my BG
- Long run (30 minutes) usually decreases my BG in the afternoon/evening and increases it in the morning
- Cycling (which I am not used to so not very fit at) always increases my BG
- Weights increase my BG
- Interval training (HIIT) increases my BG unless I have some insulin on board
As a general rule of thumb, cardio decreases, resistance increase, long decreases, short increases, hard work increases, easy decreases/