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Black Wednesday, or the 1992 sterling crisis, was a financial crisis that occurred on 16 September 1992 when the UK Government was forced to withdraw sterling from the (first) European Exchange Rate Mechanism (ERM I), following a failed attempt to keep its exchange rate above the lower limit required for ERM participation.
On October 28, "Black Monday", [17] more investors facing margin calls decided to get out of the market, and the slide continued with a record loss in the Dow for the day of 38.33 points, or 12.82%. [18] On October 29, 1929, "Black Tuesday" hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day ...
Black Wednesday was a British financial crisis on 16 September 1992. Black Wednesday may also refer to: Other one-time events: Black Wednesday 1878, a political crisis in Victoria, Australia; Black Wednesday (air travel), a 1954 crisis in air-traffic control; Black Wednesday, a 1959 Disney comic by Carl Barks
In 1992, on what became known as Black Wednesday, Soros' lead fund, Quantum Fund, became famous for profiting from the devaluation the pound when the currency left the Exchange Rate Mechanism. Soros had bet his entire fund in a short sale on the ultimately fulfilled prediction that the British currency would drop in value, netting him a profit ...
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"By the October poll, following Black Wednesday, their share of the intended vote in the poll had plunged from 43% to 29%,[10] while Labour jumped into a lead which they held almost continuously (except for several brief periods such as during the 2000 Fuel Protests) for the next 14 years, during which time they won three consecutive general ...
The black tees feature the Obie logo and slogan “Whatever it Takes” to represent students, alumni and community unity. Shirts are $12 and are available in youth small to XL. Add $2 for sizes ...
The National Post featured an article published on November 25, 2010, stating that the parity of the Canadian dollar with the US dollar caused many Canadian retailers to have Black Friday and Cyber Monday sales of their own. According to the article, an estimated 80% of Canadians were expected to participate in Black Friday and Cyber Monday ...