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The pound has rallied about 5 percent against the euro and dollar since early January, reaching multi-month highs and posting its largest weekly gain in over 15 months. Bookmaker odds for a no-deal Brexit by April 1 have been cut sharply.
The March 29 deadline and political deadlock remain.
Sterling strength reflects lower no-deal risk, which eases UK import costs for feed and changes the currency backdrop for dollar-priced grain trade.
exchangerates.org.ukElaine HoustenJan 28, 2019After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
