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lucy nuki
more than 4 weeks ago

What is Black Wednesday?

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more than 4 weeks ago
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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