What is Black Wednesday?

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Apr 14

Black Wednesday refers to September 16, 1992, when the British government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) due to pressure from currency speculators, led by George Soros. This event resulted in a significant devaluation of the pound and caused turmoil in the financial markets. Black Wednesday is considered one of the most significant events in British economic history.

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What is Black Wednesday?

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USD 49,000 snowballs into a significant sum, further fueled by persuasion to inject additional funds amounting to £61,000 in ETH.

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