The country has to participate in the exchange rate mechanism (ERM II) for at least two years, without strong deviations from the ERM II central rate and without devaluing its currency's bilateral ...
Under assault by Soros and other speculators, who believed that the pound was overvalued, the British currency crashed, in turn forcing the United Kingdom's dramatic exit from the European Exchange ...
and the deutsche mark with its partner currencies in the exchange rate mechanism of the European Monetary System, before the introduction of the euro in January 1999—and the currencies of other large ...
16 September 1992 marked the last time the UK departed from a European project ... at 2.95 deutschmarks, the rate agreed as part of the EU's Exchange Rate Mechanism (ERM). It had raised interest ...
forcing the UK out of the European Exchange Rate Mechanism. He is reported to have given about £500,000 to Best for Britain, which was set up last year by anti-Brexit campaigner Gina Miller.