I just got myself a ride outerwear jacket. It has 10,000mm of waterproofness and breathability and a foursquare pant, again 10,000 mm of waterproof and breathablility. I also got dakine titan gloves, basically looks to me like the best glove out there. All of what I got are affordable and good.
If you get a jacket and a coat, look for 10,000 mm of waterproofness and breathable.