One of the mysteries of the English language finally explained.
(A name given to) Wednesday 16 September, 1992, when a massive surge in sales of the pound, perceived to be weak and overvalued, forced its official devaluation and the exit of the United Kingdom from the European Exchange Rate Mechanism.
1990s; earliest use found in The Evening Standard. From black + Wednesday.
Black Wednesday/ˌblak ˈwɛnzdi//ˌblak ˈwɛnzdeɪ/
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