Exchange Rate Mechanism

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16 September 1992: On what became known as Black Wednesday,...

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16 September 1992

On what became known as Black Wednesday, the pound sterling was driven out of the Exchange Rate Mechanism which tied it in with other European currencies: that is particularly the deutschmark.
Davis, Evan. “Lessons learned on ’Black Wednesday’”. BBC News: Business, 15 Sept. 2002.

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