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Black Wednesday – September 16, 1992

George Soros famously made 1 billion pound on that day. Could this be happening again with the recent “Grexit” saga? Will the Euro holds?

And there was speculation that British Prime Minister David Cameron will be holding a referendum next June on whether Britain should leave the European Union. Could there be another Black Wednesday and another 1 billion to be made…?

Watch the documentary below on how bad UK handled the Black Wednesday crisis.

In Britain, Black Wednesday (September 16, 1992) is known as the day that speculators broke the pound. They didn’t actually break it, but they forced the British government to pull it from the European Exchange Rate Mechanism (ERM).

Read more on https://en.wikipedia.org/wiki/Black_Wednesday.

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