Brexit News Impacting British Pound Exchange Rates: Good vs Bad News
The article explores how political events like Brexit and macroeconomic factors affect financial markets and the real economy. They found that bad Brexit news leads to a drop in the British pound's value, while good news boosts it. Market reactions to bad news are delayed. The Brexit referendum significantly impacts exchange rate volatility. Additionally, macroeconomic factors like government bond yields and sentiment influence the German stock market over time.