What’s the Context? 18 November 1967: Devaluation of Sterling
Posted by:
Gill Bennett, Posted on:
-
Categories:
Foreign Office Historians, What's the context? series
‘Faith, hope and parity’ On Saturday, 18 November 1967, sterling was devalued by 14% from $2.80 to $2.40. Although rumours of impending devaluation had been widespread in the press, including in Europe and the United States, the announcement by the …