British pound devaluations and sterling crises under Bretton Woods (1949–1967)

1. UK enters Bretton Woods par-value system

   Dec 27, 1945Labels: Bretton Woods, United Kingdom

   • IMF UK Arrangements
   • State Dept Hist

2. Sterling devalued from $4.04 to $2.80

   Sep 18, 1949Labels: United Kingdom, 1949 devaluation

   • Cambridge UK FX
   • Sterling Area

3. Wave of sterling-linked devaluations follows UK move

   Sep 20, 1949Labels: Sterling area, Currency devaluations

   • Cambridge UK FX
   • Sterling Area

4. UK secures major IMF support amid 1961 pressure

   Aug 8, 1961Labels: United Kingdom, IMF

   • Hansard 1961
   • IMF UK Arrangements

5. UK arranges new IMF standby during ongoing 1964 crisis

   Aug 8, 1964Labels: United Kingdom, IMF standby

   • IMF UK Arrangements
   • Hansard 1967

6. Labour inherits large deficit; sterling comes under attack

   Oct 16, 1964Labels: Labour government, External deficit

   • EHR Article
   • 1967 Deval NArch

7. Bank of England renews sterling support swap network

   Jun 14, 1966Labels: Bank of, BIS

   • Hansard 1966
   • BIS Context

8. UK tightens exchange controls with £50 travel allowance

   Jul 20, 1966Labels: United Kingdom, Exchange controls

   • Hansard 1966
   • Pound Sterling

9. Pound devalued from $2.80 to $2.40

   Nov 18, 1967Labels: United Kingdom, 1967 devaluation

   • Bank of England
   • Nat Archives

10. IMF standby of $1.4 billion agreed after devaluation decision

    Nov 30, 1967Labels: IMF, United Kingdom

    • IMF UK Arrangements
    • Hansard 1967

11. Sterling area response is limited compared with 1949

    Dec 1, 1967Labels: Sterling area, Currency response

    • Sterling Area
    • Aust Dollar

12. Basel sterling agreements create a new safety net

    Sep 9, 1968Labels: BIS, Basel agreements

    • FRUS Memo
    • Sterling Area