Black Wednesday 1992 Explained, British Pound Collapse out of the EU


from Hypocrite Twins:

The European Union had a rocky start. To get all the countries on the same currency, they had to stabilize their interest rates and keep their currencies of similar value. In this episode, we dive in to their dramatic failure and learn how the United Kingdom was forced to exit the plan. In a single day the pound declined over 5% to become forever known as “Black Wednesday”.