Black Wednesday - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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)
What is the pronunciation of Black Wednesday?
Add Cambridge dictionaries to your browser to your website

Word of the Day

disappear off the face of the earth

to disappear completely

Word of the Day

The language of elections

by Liz Walter,
April 22, 2015
On May 7th, citizens of the UK will be going to the polls (having an election) to decide who will form the next government. This kind of election is known as a general election. The country is divided into 650 areas, called constituencies. Each constituency elects a member of parliament (MP) to

Read More 

dumbwalking noun

April 20, 2015
walking slowly, without paying attention to the world around you because you are consulting a smartphone He told me dumbwalking probably wouldn’t be a long-term problem.

Read More