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Bingley Bloke

When The Pound Dropped Out Of The Erm

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Can anyone point me to an article that documents the selling of the pound that lead to it falling out of the ERM?

I am interested to know...

What, exactly, the ERM was (is?)

Why currency traders decided to short-sell the pound to make it drop out of the ERM

Why it was deemed so important that the pound remained in the ERM - Hence soaring interest rates

Why putting interest rates up would help the pound stay in the ERM

A good general overview covering the above points and charting the journey from pound entering the ERM to the fall-out after it left the ERM would be of great interest to me but I've struggled to find anything.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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