United Kingdom: Sterling Float and Black Wednesday (1972-1992)

1. Sterling devalued under fixed-parity pressures

   Nov 18, 1967Labels: Devaluation 1967, United Kingdom

   • UK Gov Blog
   • Wikipedia
   • Oxford EHR

2. Decimalisation modernizes sterling’s cash system

   Feb 15, 1971Labels: Decimalisation 1971, United Kingdom

   • Royal Mint Museum
   • NatWest Heritage
   • History Assoc

3. Competition and Credit Control shifts policy tools

   Sep 1, 1971Labels: Bank of, Competition and

   • RePEc Paper
   • Wikipedia

4. UK allows sterling to float

   Jun 23, 1972Labels: Sterling Float, United Kingdom

   • Hansard
   • US State Hist

5. Sterling crisis culminates in IMF support

   Sep 29, 1976Labels: IMF 1976, Sterling Crisis

   • US State Hist
   • Cambridge Core
   • Wikipedia

6. Banking Act strengthens oversight after instability

   Oct 1, 1979Labels: Banking Act, Bank of

   • Wikipedia
   • UK Legislation

7. Exchange controls abolished, capital flows liberalized

   Oct 23, 1979Labels: Exchange Controls, United Kingdom

   • UK 1979
   • Thatcher Archive
   • Wikipedia

8. “Big Bang” deregulates London securities markets

   Oct 27, 1986Labels: Big Bang, London Stock

   • Wikipedia
   • Goldman History

9. UK enters the ERM, re-pegging sterling

   Oct 8, 1990Labels: ERM Entry, Sterling

   • Hansard
   • Wikipedia

10. Maastricht Treaty signed amid monetary-union plans

    Feb 7, 1992Labels: Maastricht Treaty, European Community

    • Britannica
    • Britannica EU

11. Black Wednesday forces UK ERM withdrawal

    Sep 16, 1992Labels: Black Wednesday, ERM Withdrawal

    • UPI Archive
    • Wikipedia

12. Sterling returns to a freer float

    Sep 17, 1992Labels: Sterling Float, United Kingdom

    • UPI Archive
    • Hansard