Nineties Pound Crisis Newspaper

A business lady reads a 1992 edition of the Evening Standard whose headline reports on the 15% load rate after two days when Prime Minister John Major fought the Pound Crisis, in the City of London (the capital's financial district, aka The Square Mile), the capital's financial centre, on 18th September 1992, in London, England. Black Wednesday occurred in the United Kingdom on 16 September 1992, when John Major's Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the pound above its agreed lower limit in the ERM.

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Filename: pound_crisis-18-09-1992.jpg
Copyright: Richard Baker
Image Size: 3469x5315 / 2.4MB; www.photoshelter.com/support/license; https://www.bakerpictures.com/contact; % 1990s 1992 90s British City of London ERM England English UK banking banks black wednesday britain bygone capital city crisis decade economy era financial district government headline historical history john major london media news newspaper nineteen-nineties nineties past per cent period pound public retro square mile times years £
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A business lady reads a 1992 edition of the Evening Standard whose headline reports on the 15% load rate after two days when Prime Minister John Major fought the Pound Crisis, in the City of London (the capital's financial district, aka The Square Mile), the capital's financial centre, on 18th September 1992, in London, England. Black Wednesday occurred in the United Kingdom on 16 September 1992, when John Major's Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the pound above its agreed lower limit in the ERM.