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Sterling fell broadly after British lawmakers failed to back any alternative to Prime Minister May's Brexit deal in indicative votes. The pound dropped to $1.3048, down nearly 1%, and fell by a similar margin against the euro to 85.84 pence.
A weaker pound against the dollar and euro raises the cost of UK-sourced or sterling-priced feed purchases and reflects rising no-deal risk.
cnbc.comReutersApr 1, 2019Not enough comparable past events yet for a historical read.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), 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.
