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The British pound swung after Prime Minister Boris Johnson called for a December 12 national election to break the Brexit deadlock. Sterling finished about 0.5% lower against the dollar at $1.285 after recouping early losses.
Lawmakers had earlier blocked Johnson's plan to exit the EU on October 31.
Political uncertainty drives currency moves that influence dollar-denominated commodity prices and the competitiveness of UK import demand. Impact on feed grain prices is limited.
cnbc.comReutersOct 24, 2019After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
