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Sterling rose against a broadly weaker dollar and edged higher against the euro as traders awaited news on post-Brexit trade talks between Britain and the EU. The pound was up 0.5% at $1.3265 at 1523 GMT, while Prime Minister Boris Johnson warned that a deal was far from certain.
A weaker dollar lifts the pound and other currencies against the USD, which can make US commodity exports cheaper for non-US buyers and support dollar-denominated grain and meal prices. The Brexit outcome itself has little direct effect on feed markets.
financialpost.comReutersNov 17, 2020Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
