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Influence of news on financial markets

How does financial news affect the development of currencies, stocks and bonds? In his cumulative doctoral thesis "The Impact of Brexit News and ECB's Announcements on Asset Prices: Theory, Empirical Findings and Policy Implicatons", Dr. Arthur Korus examined, among other things, the impact of Brexit news on the exchange rates of the pound as well as the credit risk of UK and Eurozone companies. The estimation results show that “good” and “bad” Brexit news had an impact on the exchange rates of the British pound.

Moreover, the empirical findings suggest that UK credit spreads were more strongly influenced by Brexit news than credit bond spreads in the Eurozone were.