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Sterling has been volatile since the 2016 Brexit vote, with several prime ministers, rate changes and crashes along the way. Traders are discounting Prime Minister Boris Johnson's latest no-deal threat.
Traders treating the no-deal threat skeptically limits sterling downside, which keeps GBP/USD pricing stable for importers of grain and feed inputs.
bloomberg.comJohn AingerOct 15, 2020Not enough comparable past events yet for a historical read.
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.
