Black Wednesday

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Black Wednesday

September 16, 1992. The day that investor George Soros short sold more than $10 billion worth of British pounds, which forced the Bank of England to withdraw from the European Exchange Rate Mechanism and to devalue the pound. He is a noted critic of unfettered free enterprise and believes that reflexivity can change the fundamentals of an economy.
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The situation was embarrassing and not very pleasant for a few weeks and was known as Black Wednesday, but the UK economy soon recovered and went from strength to strength and Black Wednesday became known as White Wednesday.
The Crimson Petal And The White Wednesday, BBC2,9pm Set in the Victorian era, this adaptation of Scottish-based Michael Faber's acclaimed novel follows the story of Sugar, a prostitute who dreams of becoming a novelist.
Let's hope that will be a White Wednesday, not Orange.
7pm, match B: Ken Doherty v Jimmy White Wednesday, 25 September: 2pm match C, Matthew Stevens v Paul Hunter.
We are sick of waiting for action," added McKinney, who has declared September 12 as Wear White Wednesday for NCAE members and supporters.
The last time banks piled billions into propping up a dodgy currency was on Black Wednesday (or White Wednesday, depending on your point of view) and it didn't work.
Black Wednesday, or White Wednesday as the Eurosceptics would have it, was triggered by a number of 'events'; the Danes voting against closer integration, the weakness of the German economy in the aftermath of unification and the rigidities of the ERM.