Why is the pound plunging on 30th anniversary of Black Wednesday? - short news
Falls against the dollar are prompted partly by concern about Liz Truss’s economic and energy policiesPound falls as weak retail sales raise fears UK economy is in recession
The timing could hardly have been more appropriate. On the 30th anniversary of sterling being ejected from Europe’s exchange rate mechanism, the pound came under renewed pressure on the currency markets and hit its lowest level against the US dollar in 37 years.
Black Wednesday – 16 September..
source: The Guardian - 16.09.2022