meaning of Black Wednesday

Black Wednesday meaning in Finance Dictionary

September 16th 1992: a single day the lb ended up being driven out from the Exchange speed system. Generally White Wednesday by people who were thrilled to begin to see the money leave the ERM, and marking the beginning of an extended period of economic growth.

Black Wednesday meaning in Law Dictionary

a single day September 16, 1992. Today Sterling lost 15% price after it withdrew from European Union.

Black Wednesday meaning in Business Dictionary

September 16, 1992 whenever Sterling lost 15 % of their worth from the German currency (Deutschmark) after its withdrawal from the exchange price process for the European Union (EU).