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Sterling slid toward a three-week low as Prime Minister Theresa May prepared a parliamentary vote on a stripped-down version of her twice-defeated Brexit deal. Attorney General Geoffrey Cox said the vote was the last chance to use the legal right to delay Brexit until May 22, otherwise the delay expires April 11.
Traders stayed on the sidelines, thinning liquidity and amplifying swings in the pound.
Brexit uncertainty drives sterling volatility, which affects dollar-denominated feed import costs for UK buyers and sentiment in related commodity trade. Outcomes are not directly tied to feed grain supply or demand.
cnbc.comReutersMar 29, 2019After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), 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.
