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Sterling fell against the dollar and euro after Bank of England Governor Mark Carney warned that a no-deal Brexit could trigger the worst UK recession since World War II, with output down 8% within a year. He also said the pound could lose 25% against the dollar in a no-deal, no-transition scenario.
European equity markets were mixed.
Heightened Brexit risk strengthens the dollar relative to sterling, which can pressure dollar-denominated commodity prices and raise the cost of UK-sourced feed inputs.
telegraph.co.ukLaToya HardingNov 29, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
