Black Wednesday Crash’s Chancellor Sees Post-Brexit Pound Surge
- Former finance minister Lamont says EU deal may lift sterling
- Britain still attractive destination for investment: Lamont
U.K.'s Lamont Looks Back on 'Black Wednesday'
This article is for subscribers only.
The man who faced one of the pound’s biggest crises sees the currency recovering from Brexit.
Sterling could appreciate “considerably” if the U.K. and European Union reach agreement in the Brexit talks, according to Norman Lamont, the former Chancellor of the Exchequer when Britain tumbled out of Europe’s Exchange-Rate Mechanism 25 years ago, a day known as “Black Wednesday.”