I live in the Pacific Northwest of North America. It rains here a lot. The vast majority of my trips are by bike year round. I tend to find rain jackets and pants cause me to sweat uncomfortably. I usually wear a rain cape. I drape it over my handlebars and it keeps my pants mostly dry and my top completely dry. Once I get where I'm going it's easy to remove and tuck it into my bag.

If I'm just riding to ride I'll wear a merino wool base layer and just get wet. The wool stays warm even when I'm soaked