A 50 Minute Documentary On Black Wednesday

16th September 1992 is famously known as the Black Wednesday. This was the day when speculators led by George Soros made a massive speculative attack on British Pound and forced it to devalue massively. This speculative attack on a weak currency made George Soros a profit of $1 Billion in 24 hours. Watch the documentary below that explains what happened and how it did happen.

In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.4 billion, and other sources gave estimates as high as £27 billion. In 2005, documents released under the Freedom of Information Act revealed that the actual cost may have been £3.3 billion.