Investigating the influence Brexit had on Financial Markets, in particular the GBP/EUR exchange rate
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On 23rd June 2016, 51.9 triggering a process and events that have led to the United Kingdom leaving the EU, an event that has become known as 'Brexit'. In this piece of research, we investigate the effects of this entire process on the currency markets, specifically the GBP/EUR exchange rate. Financial markets are known to be sensitive to news articles and media, and the aim of this research is to evaluate the magnitude of impact of relevant events, as well as whether the impact was positive or negative for the GBP.
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