The perception of Brexit uncertainty and how it affects markets

URN to cite this document:: urn:nbn:de:bvb:355-epub-765767
DOI to cite this document:: 10.5283/epub.76576

Kreuzer, Christian ; Priberny, Christopher

; Huther, Johannes

License: Creative Commons Attribution 4.0
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Date of publication of this fulltext: 15 Apr 2025 04:30

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Abstract

We empirically study the perception of political uncertainty by UK’s stock markets, covering the entire Brexit period from January 2013 to March 2020. We find that indices dominated by the largest capitalized companies anticipate negatively perceived events already prior to the actual event, whereas positive events only effect them on the event day or following. In contrast, the FTSE 250, ...