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Sterling is fluctuating as Prime Minister Theresa May launches the formal process of the UK's exit from the EU. A legal expert warned currency traders to expect significant uncertainty and volatility in coming months, while some analysts see the bearish consensus in sterling as overdone.
Heightened Brexit uncertainty keeps the pound volatile against the dollar and euro, which affects the cost of US dollar-denominated feed commodities for UK and European buyers.
cnbc.comSilvia Amaro, Gemma ActonMar 29, 2017After 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.
