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oct 1, 1990 - Britain joins ERM

Description:

Thatcher was persuaded to join the ERM by her cabinet.

The ERM was a European plan by the EEC to have each form of currency have the same exchange rate (2.95 German marks by one pound).

This caused high interest rate to keep up with this value.

Added to timeline:

Making Modern Britain

ByAlfieTobin
1 days ago
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Date:

oct 1, 1990
Now
~ 33 years ago
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