About Black Wednesday
Black Wednesday occurred in the United Kingdom on 16 September 1992, when the British government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism after a failed attempt to keep the pound above the lower currency exchange limit mandated by the ERM.
Liz Truss under pressure from senior Tory MPs to rethink tax cuts
Oct 12,2022 5:00 pm
... " It s like Black Wednesday in 1992, when interest rates shot up, we lost economy credibility, and it took us 15 years to get it back...
Tory conference: Labour favourites to win power at next election, says John Curtice
Oct 2,2022 8:20 pm
... The swing to Labour was similar in size to that seen on Black Wednesday in 1992, the first time the policies of a Conservative government had produced turmoil on the money markets...
Black Wednesday Photos
