What the study found
Brexit-related social media sentiment was associated with a significant negative impact on UK stock market and exchange rate performance. The paper also reports that the gap between opponents and proponents of Brexit was minor and matched the 2016 referendum result.
Why the authors say this matters
The authors say the study is significant because it uses sentiment analysis, meaning the study of opinions expressed in text, to understand public opinion and uses social media analytics to study market performance. The findings indicate a long-term relationship between Twitter/X sentiments and market performance.
What the researchers tested
The researchers analyzed the relationship between Brexit sentiments and UK stock market and currency exchange performance using time-series analysis, a method for studying how variables change over time. They examined GBP exchange rates against the USD and EUR, the FTSE-100 index, and an overall social media sentiment measure.
What worked and what didn't
The results showed a minor gap between Brexit opponents and proponents, which matched the 2016 referendum result. That gap was reported to have a significant negative impact on both stock market and exchange rate performances in the UK.
What to keep in mind
The abstract does not describe detailed limitations, so none are specified in the available summary. The findings are presented for the UK context and for the variables examined in the study.
Key points
- Brexit-related social media sentiment was linked to weaker UK stock market and currency exchange performance.
- The study reports a minor gap between Brexit opponents and proponents that matched the 2016 referendum result.
- The researchers used time-series analysis to study relationships over time.
- They examined GBP exchange rates against the USD and EUR, plus the FTSE-100 index.
- The authors say the study uses sentiment analysis and social media analytics to understand market performance.
Disclosure
- Research title:
- Brexit sentiment was linked to weaker UK markets
- Authors:
- Hoda Ibrahim Fadda, Heba Youssef
- Institutions:
- Cairo University, British University in Egypt, World Health Organization Regional Office for the Eastern Mediterranean
- Publication date:
- 2026-03-03
- OpenAlex record:
- View
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