The 1967 sterling devaluation (or 1967 sterling crisis) was a devaluation of sterling from $2.80 to $2.40 per pound on 18 November 1967. It ended a long sterling crisis that had started in 1964 with the election of Labour in the 1964 general election,[1] but originated in the balance of payments crises of the preceding Conservative government.[1]
- ^ a b Bordo, Michael; MacDonald, Ronald; Oliver, Michael (2009). "Sterling in crisis: 1964-1967". European Economic History Review. Cambridge, MA. doi:10.3386/w14657.