Meaning of “Black Wednesday” in the English Dictionary

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"Black Wednesday" in Business English

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Black Wednesdaynoun

uk us 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)