The Impact of Major Emergency on International Foreign Exchange Markets: The Case of Brexit Vote

DOI

10.2991/978-94-6463-036-7_233How to use a DOI?

Keywords

Major emergencies; Exchange markets; Brexit Vote

Abstract

On June 24, 2016, the results of the UK's EU referendum were announced, with Prime Minister David Cameron declaring the Leave camp the winner. Not only did the exchange rate of the British pound plummet, but most non-US dollar currencies also weakened significantly. The international foreign exchange market is the most liquid traded financial market and is highly sensitive to major events. This paper systematically review the history of the UK's exit from the EU and the key events after the start of the process, while analyze the trends of major currency exchange rates by using data on the exchange rates of the British pound, the euro, the Japanese Yen and the Chinese Renminbi as the objects of this study.

Copyright

© 2022 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Boen Ding
PY  - 2022
DA  - 2022/12/31
TI  - The Impact of Major Emergency on International Foreign Exchange Markets: The Case of Brexit Vote
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1565
EP  - 1569
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_233
DO  - 10.2991/978-94-6463-036-7_233
ID  - Ding2022
ER  -