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Sterling rose more than 1% against the euro on solid data and greater Brexit clarity, as traders trimmed bets against the pound. Trade Minister Liam Fox said Britain hoped to adopt EU free trade agreements with around 40 countries after leaving.
A stronger pound on Brexit clarity shifts currency flows with little direct effect on feed commodity prices.
reuters.comFeb 1, 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.
