Jump to content
House Price Crash Forum
Sign in to follow this  
Bingley Bloke

When The Pound Dropped Out Of The Erm

Recommended Posts

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.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.