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Sterling gained against the euro and other currencies on reports that Brexit negotiators had resolved some major disagreements. The dollar strengthened broadly as new European lockdowns hit markets.
Progress on Brexit supports sterling, while risk-off dollar strength from lockdowns works against non-dollar currencies and dollar-priced commodity demand in Europe.
poundsterlinglive.comNews, Data, ForecastsOct 29, 2020Not enough comparable past events yet for a historical read.
After 15 past bullish policy events, DXY moved a median +0.2% over 5 sessions (53% higher; middle half -0.4% to +0.4%), and +1.0% 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.
