1967 British devaluation

GPTKB entity

Statements (24)
Predicate Object
gptkbp:instanceOf economic crisis
gptkbp:announced gptkb:Harold_Wilson
gptkbp:cause balance of payments crisis
gptkbp:country gptkb:United_Kingdom
gptkbp:currency Pound sterling
gptkbp:date 18 November 1967
gptkbp:devaluedBy 14.3%
gptkbp:effect increased export competitiveness
reduced value of pound sterling
imported inflation
loss of confidence in UK economy
gptkbp:followedBy gptkb:1976_sterling_crisis
gptkbp:Harold_Wilson_position gptkb:Prime_Minister_of_the_United_Kingdom
https://www.w3.org/2000/01/rdf-schema#label 1967 British devaluation
gptkbp:location gptkb:United_Kingdom
gptkbp:mediaCoverage gptkb:BBC
gptkbp:newExchangeRate $2.40 per £1
gptkbp:notableQuote 'This does not mean that the pound here in Britain, in your pocket or purse or in your bank, has been devalued.'
gptkbp:precededBy 1949 British devaluation
gptkbp:previousExchangeRate $2.80 per £1
gptkbp:relatedTo gptkb:Bank_of_England
gptkb:International_Monetary_Fund
gptkbp:bfsParent gptkb:devaluation_(1967)
gptkbp:bfsLayer 7