How George Soros Broke the Bank of England

In The UK, September 16, 1992, is known as Black Wednesday, the day when speculators including George Soros and Stanley Druckenmiller "broke the pound." 

This expression is used to describe the moment in time where market forces coalesced to force the British government to exit the European Exchange Rate Mechanism (ERM) by removing its currency from that agreement. 

Joining the ERM was part of Britain's effort participate in a single European Currency.

The role of the Bank of England - Part 5: The Money Go Round

Keeping on an even keel: the role of the Bank of England is a short film that uses nautical metaphors and animation to explain the Bank's roles and responsibilities in an accessible, imaginative and entertaining way. The film is divided into seven short modules, which provide a simple guide to the Bank's monetary policy and financial stability roles.

They explain why low inflation and a safe and stable financial system matter to the UK economy and how the Bank contributes to achieving them.

The role of the Bank of England - Part 4: The Financial System

A simple guide to the Bank if England's monetary policy and financial stability roles. In this one they explain why low inflation and a safe and stable financial system matter to the UK economy and how the Bank contributes to achieving them.

The role of the Bank of England - Part 3: Controlling Spending

A look at the Bank of England’s roles and responsibilities. Keeping on an even keel; why a safe and stable financial system matters to the UK economy and how the central bank contributes to achieving them.