Black Wednesday (1992)

URI: https://gptkb.org/entity/Black_Wednesday_(1992)
GPTKB entity
AI-created image of Black Wednesday (1992)
AI-created image
Statements (31)
Predicate Object
gptkbp:instanceOf gptkb: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
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
https://www.w3.org/2000/01/rdf-schema#label Black Wednesday (1992)