author={Muhammad Ali Nasir and Jamie Morgan},
  journal={Journal of Economic Studies},
Purpose The purpose of this paper is to explore the period of uncertainty created by the referendum. The focus is the UK real effective exchange rate (REER). The authors set out to measure the additional impact of the uncertainty surrounding the referendum. The authors distinguish this from the longer trend value of Sterling. Design/methodology/approach The study applies a reduced form exchange rate model, first introduced by Edwards (1994), and makes use of Bank of England daily data for… 

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