Sterling had joined the EU's Exchange Rate Mechanism (ERM) in 1990 and struggled to remain inside its designated floating band. Now circling City speculators saw a chance to attack Britain's currency Within minutes of the London markets opening, it was clear the pound was going to come under renewed pressure. There were only three days until the weekend referendum in France on the Maastricht treaty. Unlike the UK, French voters were preparing to decide on plans drawn up by the then president of ...
Sterling had joined the EU's Exchange Rate Mechanism (ERM) in 1990 and struggled to remain inside its designated floating band. Now circling City speculators saw a chance to attack Britain's currency Within minutes of the London markets opening, it was clear the pound was going to come under renewed pressure. There were only three days until the weekend referendum in France on the Maastricht treaty. Unlike the UK, French voters were preparing to decide on plans drawn up by the then president of ...
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