|
gptkbp:instanceOf
|
economic crisis
|
|
gptkbp:alsoKnownAs
|
gptkb:Sterling_crisis
|
|
gptkbp:category
|
1992 in the United Kingdom
currency crises
economic history of the United Kingdom
|
|
gptkbp:cause
|
speculative attack on the pound
|
|
gptkbp:date
|
1992-09-16
|
|
gptkbp:estimatedLoss
|
over £3 billion
|
|
gptkbp:followedBy
|
UK monetary policy independence
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Black Wednesday (1992)
|
|
gptkbp:impact
|
boosted reputation of currency speculators
political damage to Conservative Party
|
|
gptkbp:involvedCurrency
|
gptkb:British_pound_sterling
|
|
gptkbp:involvedIn
|
gptkb:George_Soros
gptkb:John_Major
gptkb:Norman_Lamont
|
|
gptkbp:location
|
gptkb:United_Kingdom
|
|
gptkbp:mediaCoverage
|
extensive
|
|
gptkbp:notableSpeculator
|
gptkb:George_Soros
|
|
gptkbp:notableSpeculatorProfit
|
George Soros made over $1 billion
|
|
gptkbp:organization
|
gptkb:Bank_of_England
gptkb:Parliament_of_the_United_Kingdom
|
|
gptkbp:precededBy
|
UK joining ERM in 1990
|
|
gptkbp:relatedTo
|
gptkb:European_Exchange_Rate_Mechanism
ERM crisis
currency crisis
|
|
gptkbp:result
|
UK withdrew from the European Exchange Rate Mechanism
devaluation of the pound
losses for the UK Treasury
|
|
gptkbp:bfsParent
|
gptkb:George_Soros
|
|
gptkbp:bfsLayer
|
5
|