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Black Wednesday - Stock Market Crash Documentary

TradingCoachUK
237K subscribers
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118K views 6 years ago #Documentaries #Crash #recession
The Famous story of BLACK WEDNESDAY In light of the Euro/CHF collapse, a well done BBC documentary on the one-day 1992 pound devaluation. The Great Depression of 1929:    • 1929 Stock Market Crash and the Great...   How JP Morgan began:    • How JP Morgan Started - Finance Docum...   Warren Buffet and his Journey to become the Greatest Investor:    • Warren Buffett - The World's Greatest...   ========================================================================= Black Wednesday occurred in the United Kingdom on 16 September 1992, when John Major's Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the pound above its agreed lower limit in the ERM. In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.4 billion. In 2005, documents released under the Freedom of Information Act indicated that the actual cost may have been slightly les …...more
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3 October 1990 Downing Street

0:55

Sir Charles Powell PM's Private Secretary 1984-91

1:39

Helmut Schlesinger Bundesbank President 1991-93

7:57

4 September 1992 Bath

10:26

Lady Hogg Head of PM's Policy Unit 1990-95

15:44

September 1992 Rome

16:23

September 1992 Frankfurt

19:40

September 1992 London

21:47

Mark Clarke Currency Trader

22:03

2.15 pm Interest Rates rise to 15%

32:15

Reimut Jachimsen Bundesbank Council

34:57

Jonathan Hill PM's Political Secretary 1992-94

39:47

Kelvin Mackenzie Editor, The Sun 1981-94

43:45

Kenneth Clarke Chancellor of the Exchequer 1993-97

47:33
Black Wednesday - Stock Market Crash Documentary
1.3KLikes
118,500Views
2018Jul 20
The Famous story of BLACK WEDNESDAY In light of the Euro/CHF collapse, a well done BBC documentary on the one-day 1992 pound devaluation. The Great Depression of 1929:    • 1929 Stock Market Crash and the Great...   How JP Morgan began:    • How JP Morgan Started - Finance Docum...   Warren Buffet and his Journey to become the Greatest Investor:    • Warren Buffett - The World's Greatest...   ========================================================================= Black Wednesday occurred in the United Kingdom on 16 September 1992, when John Major's Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the pound above its agreed lower limit in the ERM. In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.4 billion. In 2005, documents released under the Freedom of Information Act indicated that the actual cost may have been slightly less, £3.3 billion. At that time, the United Kingdom was holding the Presidency of the European Communities. The trading losses in August and September were estimated at £800 million, but the main loss to taxpayers arose because devaluation could have made them a profit. The papers show that if the government had maintained $24 billion foreign currency reserves and the pound had fallen by the same amount, the UK would have made a £2.4 billion profit on the pound sterling's devaluation. #documentary #stockmarket #marketcrash #recession #trading #BlackWednesday #stockMarketcrash #Crash #finance #Documentaries

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TradingCoachUK

237K subscribers