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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Mr Soros made his fortune with a PS720million bet against the pound on Black Wednesday in 1992.
Ranidel and Cliff won't be starting the conference with us because of injuries, hopefully Reynel Hugnatan will be back in time for the start of the conference,' said Black Wednesday at Meralco Gym.
But the Black Wednesday fallout will live with us for years.
1992 - The pound is forced out of the European Exchange Rate Mechanism in what is called Black Wednesday.
BILLIONAIRE currency trader George Soros has warned a vote to Leave the EU will trigger a plunge in the pound greater than Black Wednesday - but without the benefits seen after the crisis that made him a fortune.
com/business/2016/jun/20/brexit-would-trigger-sterling-fall-worse-than-black-wednesday) opinion piece in the Guardian newspaper, said a so-called Brexit would trigger a bigger and more disruptive sterling devaluation than Britain's Black Wednesday in September 1992.
The Chronicle reported: "They called it Black Wednesday on Tyneside.
BOOKMAKERS are still counting the cost of Black Wednesday when seven of the eight Champions League favourites won and the other result saw Manchester United win 5-0 in Leverkusen, writes Mark Langdon.
Oh by the way it was called Black Wednesday and it caused Britain to withdraw from the European Exchange Rate Mechanism at a cost of PS3.
This is exactly what happened on the black Wednesday on August 15, when rushing to transmit information which caused a mayhem that could have lead to a national disaster," he said.
FROM black Wednesday to a thrashing of the Black Sticks - Sarah Thomas' rollercoaster London 2012 ride ended with a bronze medal.
New Delhi, May 24 -- It was a Black Wednesday for vehicle owners as in the steepest ever hike, petrol price was increased by Rs 7.