Pound Marks ‘Black Wednesday’ With Drop to Lowest Since 1985
Traders and others remember the turbulence of Sept. 16, 1992 — as sterling hits multi-decade lows again.
Traders at the London Stock Exchange following Black Wednesday, in September 1992.
Photographer: Mathieu Polak/Sygma/Getty Images
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The pound’s tumble this year has taken another leg down, with the currency marking the 30th anniversary of “Black Wednesday” with a drop through $1.14 for the first time since 1985.