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English definition of “Black Wednesday”

Black Wednesday

noun
 
 
ECONOMICS, FINANCE, STOCK MARKET
Wednesday, September 16, 1992, when the UK left the European Exchange Rate Mechanism and the pound (£) lost a lot of its value: It was the first time that the British Government had intervened in the market for sterling since Black Wednesday.
(Definition of Black Wednesday from the Cambridge Business English Dictionary © Cambridge University Press)
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