The short version of the United Kingdom’s Black Wednesday, otherwise known as the ERM Crisis, is that in 1992 Britain was part of the European Monetary System (EMS) along with other countries like Spain, Italy, Germany, and France.
Bank of England Didn't Suffer That Much From…
The short version of the United Kingdom’s Black Wednesday, otherwise known as the ERM Crisis, is that in 1992 Britain was part of the European Monetary System (EMS) along with other countries like Spain, Italy, Germany, and France.