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Black Wednesday - a documentary about the crash of the pound sterling in 1992

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Text Comments (32)
Greg AVFC 69/70 Jones (5 months ago)
''the knives were out for Margaret Thatcher'' meaning that the blue socialists, those dead beat One Nation ( No Nation ) liberal Tories wanted to shift leftwards and get Maggie out.,.....all those ghastly, hideous failures Heath, Howe, Hurd, Heseltine, Clarke,...all of them a throwback to the 50's failures of McMillan and Eden, 1951 to 1963, no different to Attleeism.
RCPanzer Tank (5 months ago)
John King (1 year ago)
1:37 - No, the best thing Geoffrey Howe did was kill Thatcher's career with that wonderful resignation speech in the Commons in 1990 Mr Powell. This man Charles Powell was the biggest ass kisser to Thatcher (apart from the prick Bernard Ingham)
Tai Mir (1 year ago)
Brexit= Funeral of Pound Sterling
nas (1 year ago)
Funny how those making the policies are the most disconnected from realities on the ground. It took them hours to get a transistor radio. Even the driver knew to listen to whats happening in real life. Am thinking Governance in Nigeria. Our tragedy
Barongo Adam (1 year ago)
So the Brits always get in and out fast,,, like they just did !!!! mmm
Xavier Jones (1 year ago)
Fuck Soros, rot in hell
paul kg (2 years ago)
To all you traders watching!!! This is what is meant by killer instinct??? When you know... 'you know'.
James Meyers (2 years ago)
44:40 the editor is lying his ass off.
James S (2 years ago)
23:04 is that guy coked off his face, he looks wired!!!!
Tai Mir (1 year ago)
He looked like the guy from who framed roger rabbit
tektronix475 (2 years ago)
euro black wednesday is coming
Prabin Shiwakoti (2 years ago)
When is that? During Brexit election? I thought it would be sterling pound wednesday that's coming....Don't know anything about currencies but I think volatility is coming from Mid June.
JSavic (2 years ago)
I hope that we have another housing price crash, so I don't have to listen to all these bastards telling me what geniuses they are, as their houses appreciate £500 per week, all financed by debt.
DEFACTO9 (3 years ago)
I am so reminded of Norman Lamont standing up to the cameras to tell Briton how he wasted billions of tax payers money trading it on the markets... trying to prop up Stirling. I believe Soros was on the other side of the trade and kept selling with the majority of the market.   How people forget. Now the conservatives have the effrontery to paint Labour as a spendthrift party.  What a joke.
ampthilluk (3 years ago)
Quite new to trading but I traded the Ruble collapse and that was very profitable indeed.
andrew latchford (3 years ago)
The Country was on its knees,and Major was shagging Edwina Curry.Fuckin worst PM we ever had.A weak spineless bastard.Thatcher was bad,and she deserves criticism but this man was a total LET DOWN TO THE BRITISH PEOPLE .,
JSavic (2 years ago)
After being traumatised by the Blair years, I now look back with fond nostalgia at the Major government. By 1996, they had achieved higher growth rates than ever achieved under Blair / Brown.
Peter Bradshaw (3 years ago)
My God this thing is complex. I don't understand anything. Poor me. It is like when I started to study Tort law. I feel like a clown. I don't even understand what Soros did. 
Peter Bradshaw (2 years ago)
You should read Colm O'Shea's interview with Jack Schwager. He worked with Soros at the time. The book is Hedge Fund Market Wizards. I agree it comes down to a gut feeling. But how the trade is expressed is key.  
James S (2 years ago)
Yeah!! The thing is, I can learn about it, but can't get the 'feel' for it that he had at the time. I was 11 when it happened. BUT I can say in my lifetime, a few FX events have been obvious in real time ... Aussie dollar being unsustainably pricey in 2013, and yen being too strong in 2012 or so ..... I guess he just had that feel, given dynamics within the country at the time, recession, rate expectations etc that UK was more exposed than France
Peter Bradshaw (2 years ago)
I wonder what would have happened had the German's intervened. Soros made a mint in Sweden in the same year. He never delved into France as he thought the situation was different. The interview with Druckenmiller in the book More Money than God is very interesting. 
James S (2 years ago)
+Peter Bradshaw Just before ERM crisis, I remember my dad bought £200;000 worth of US dollars. At 2.05/£.. $410'000. Then it collapsed to 1.5 so obviously his $410'000 was then worth £273'000
James S (2 years ago)
+Peter Bradshaw what mechanics though .... it's a simple sell sterling against deutsche marks, or dollar trade. I'm not trying to be patronising. If you're studying, or have passed a CFA you're probably smarter than me, I'm just curious what mechanics you mean.
Peter Bradshaw (3 years ago)
What a stupid contradiction first you say Margret Thatcher caused it and then you say she detested it and was forced into doing it under duress. Really smart of the BBC. 
Luis Riesco (3 years ago)
could someone write the english subtitles for this documentary? thanks
w584450 (4 years ago)
Liars!!! All who participated in this documentary. Either they did not understood the concept or lying through their teeth.  It is still the same - who profits from crime ?  No man is an island - means by advisors we can destroy anyone, including Lord of Treasury. 
koyaustralia (4 years ago)
Trusting German ? Some people never learnt .
bulltraderpt (5 years ago)
Thanks fully funded trader, I've watch most of your vids, they've all been educational. Cheers.

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