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Sterling dropped to $1.1959 in early trading, its weakest level since the October 2016 flash crash and weakest in regular trading since 1985. The fall followed fears of a no-deal Brexit on October 31 and MPs' efforts to block it.
A sharp sterling sell-off signals acute Brexit risk, strengthening the dollar against a major currency. Direct impact on feed commodity prices is limited.
theguardian.comGraeme WeardenSep 3, 2019Not 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.
