# Sterling holds the line as markets price election risks

> Sterling has gained over 5% against the dollar in three weeks as no-deal Brexit fears faded after the EU agreed a third extension to January 31. Markets are now pricing risks from a December UK election, with Betfair giving the Conservatives over 80% odds. Lawmakers approved the government's timetable for a Brexit law.

- Date: 2019-10-29 · published 2019-10-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/56805-sterling-holds-the-line-as-markets-price-election-risks
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Election risk and sterling volatility affect dollar-based commodity pricing for UK buyers at the margin. There is no direct effect on feed supply or demand.

## Sources

- rte.ie: https://www.rte.ie/news/business/2019/1029/1086213-sterling-movements/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.