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End of the Sterling Area

On 29 September 1976 problems facing the Prime Minister, James Callaghan, are illustrated on the front cover of Punch magazine.
On 29 September 1976 problems facing the Prime Minister, James Callaghan, are illustrated on the front cover of Punch magazine.
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From the 1950s until the 1970s Britain faced a series of challenges in international finance, including frequent balance of payments crises. In the 1970s changes in the way foreign exchange was handled at the international level saw the end of the sterling area.

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The Conservatives and the balance of payments crisis

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Devaluation and the end of the Sterling Area

Search using Sterling area Bretton Woods International Monetary Fund

Further reading

  • Dell, E., The Chancellors: A History of the Chancellors of the Exchequer 1945-1990 (London: Harper Collins Publishers, 1996)
  • Cain, P.J. & Hopkins, A.G., British Imperialism Crisis and Deconstruction 1914-1990 (London and New York: Longman, 1993)

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