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The British pound fell against the euro and dollar after MPs rejected an amendment to extend the Article 50 Brexit timetable. Parliament also backed a motion for the government to renegotiate the Irish backstop, which the EU has rejected.
Traders see rising no-deal risk.
Heightened no-deal risk weakens sterling and adds currency volatility to UK import costs and GBP-priced feed trade, with little direct grain effect.
exchangerates.org.ukFrançois AuréJan 30, 2019After 10 past neutral geopolitics events, US Dollar (Broad) moved a median +0.1% over 5 sessions (60% higher; middle half -0.4% to +1.0%), and +0.5% 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.
