Black Wednesday - Lessons for the Next Currency Crisis

First published at 14:51 UTC on December 5th, 2019.

Black Wednesday, on 16 September 1992 the UK was forced to leave the Exchange Rate Mechanism (ERM).

The Bank of England reportedly lost £4 billion attempting to prop the pound up in the forex markets, and increased interest rates to attempt to attr…

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CategoryNews & Politics
SensitivityNormal - Content that is suitable for ages 16 and over