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OP, there are lots of options when it comes to dressing to deal with cold weather, but the best items for cycling in the cold are windproof and fit closely enough that they don't flap around in the wind as you ride. If I'm going out for a ride (for exercise) in cold weather, I'm going to wear the same things as usual (bike shorts, jersey), but I'll switch to a wool cap, wool socks, and I'll wear a jacket and tights on my legs.