Black Wednesday
/ˌblæk ˈwenzdeɪ/, /ˌblæk ˈwenzdi/
/ˌblæk ˈwenzdeɪ/, /ˌblæk ˈwenzdi/
- Wednesday 14 September 1992, when the British Chancellor of the Exchequer raised interest rates by 5% in one day and spent billions of pounds in an unsuccessful attempt to improve the value of the British currency within the exchange-rate mechanism