# Black Wednesday (1992)

URL: https://english-history.com/timeline/1992-black-wednesday
Categories: main-event

Britain withdrew sterling from the European Exchange Rate Mechanism after intense currency pressure. Within the broader Postwar & Modern UK period, decolonization, welfare institutions, migration, European integration and withdrawal, devolution and social change reshaped the modern United Kingdom. This event is placed at 1992 in the chronology so it can be read alongside the political, military, social and cultural changes around it. The crisis badly damaged Conservative economic credibility and influenced later attitudes toward European monetary integration.

## Why it matters
The crisis badly damaged Conservative economic credibility and influenced later attitudes toward European monetary integration.

Ruler at the time: [Elizabeth II](https://english-history.com/rulers/elizabeth-ii)

## Sources
- [Wikipedia topic lookup — Black Wednesday](https://en.wikipedia.org/wiki/Special:Search?search=Black+Wednesday&go=Go)
- [Encyclopaedia Britannica topic lookup — Black Wednesday](https://www.britannica.com/search?query=Black+Wednesday)
- [Wikipedia — Timeline of British history](https://en.wikipedia.org/wiki/Timeline_of_British_history)
- [The National Archives — Postwar collection](https://www.nationalarchives.gov.uk/explore-the-collection/explore-by-time-period/postwar/)