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Sterling slipped against the euro after British and EU Brexit negotiators reported no real progress on a post-transition trade deal. The pound rose 0.16% to $1.3111 against a weakening dollar in thin August trade.
Rising risk of a no-deal Brexit adds currency volatility for UK feed importers but has no clear direct effect on grain or feed prices.
brecorder.comReutersAug 24, 2020After 57 past geopolitics events, Euro (USD per EUR) moved a median -0.4% over 5 sessions (44% higher; middle half -1.7% to +1.0%), and -0.2% over 20.
After 33 past bearish geopolitics events, US Dollar (Broad) moved a median -0.6% over 5 sessions (33% higher; middle half -1.5% to +0.2%), and -0.8% 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.
