I've got a Burley. It is specifically made for bicycle riding, even down to lengthened sleaves to accomodate the stretched out position of a rider on a bike, and has lots of ventilation zippers to keep you from getting too hot.
I have had it for a couple years and it has done well in some pretty bad weather.
Burley Rain Jacket
I would suggest NOT getting a rain jacket with a hood if you are using it to ride. The hood just gets in the way. There are helmet covers if you want to keep your head dry.
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Cat 2 Track, Cat 3 Road.
"If you’re new enough [to racing] that you would ask such question, then i would hazard a guess that if you just made up a workout that sounded hard to do, and did it, you’d probably get faster." --
the tiniest sprinter