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The pound fell 1.97% against the dollar on Thursday as Brexit uncertainty hit sterling and British banks. The article identifies British banks among the biggest losers from the UK's decision to leave the EU.
A sharp sterling sell-off strengthens the dollar, a modest headwind for dollar-priced grain and oilseed prices, though the move is primarily a currency and financial-sector story.
wsj.comMargot Patrick and Georgi KantchevNov 15, 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.
