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Black Wednesday
On 16 September 1992, Britain lost billions in foreign currency reserves in a single day.
Norman Lamont was Chancellor of the Exchequer when the country had to crash out of the European Exchange Rate Mechanism.
Image: VT Freeze Frame
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By BBC World Service
4.3
2020 ratings
On 16 September 1992, Britain lost billions in foreign currency reserves in a single day.
Norman Lamont was Chancellor of the Exchequer when the country had to crash out of the European Exchange Rate Mechanism.
Image: VT Freeze Frame
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