# Stocks slip on US election nerves; pound up on Brexit ruling - The HinduBusinessLine

> Global equities drifted lower as U.S. election worries weighed on sentiment, with the S&P 500 down an eighth straight session. Sterling rose after a UK court ruled Parliament's approval was needed to trigger Brexit, and the CBOE Volatility Index jumped to its highest since late June.

- Date: 2016-11-04 · published 2016-11-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/74077-stocks-slip-on-us-election-nerves-pound-up-on-brexit-ruling-the
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Heightened risk aversion and election-driven volatility can pull funds out of commodities and move the dollar, adding short-term noise to grain and meal pricing.

## Read by commodity

- DXY: neutral
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-28 | [Dollar supported before Fed meeting, Brexit delay in focus - The HinduBusinessLine](https://feedsoft.ai/events/56780-dollar-supported-before-fed-meeting-brexit-delay-in-focus-the-hindubusinessline.md) | -0.3% | +0.8% |
| DXY | 2016-11-03 | [Trump worries hit dollar; pound boosted by Brexit court ruling](https://feedsoft.ai/events/74075-trump-worries-hit-dollar-pound-boosted-by-brexit-court-ruling.md) | +0.7% | +3.0% |
| DXY | 2019-04-29 | [Dollar rally stalls, underlining slowdown fears - The Business Times](https://feedsoft.ai/events/59758-dollar-rally-stalls-underlining-slowdown-fears-the-business-times.md) | -0.2% | +0.5% |
| DXY | 2021-11-15 | [Sterling rises from 11-month low; investors focus on Brexit and BoE \| Reuters](https://feedsoft.ai/events/44290-sterling-rises-from-11-month-low-investors-focus-on-brexit-and-boe-reuters.md) | +0.6% | +1.2% |
| DXY | 2017-02-01 | [Sterling surges on data boost, more Brexit hope](https://feedsoft.ai/events/72734-sterling-surges-on-data-boost-more-brexit-hope.md) | +0.2% | +0.2% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/stock-markets/stocks-slip-on-us-election-nerves-pound-up-on-brexit-ruling/article64291878.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.