So much was expected
R.W. Johnson, 3 December 1992
“... its readiness to dictate terms to his government. In that event, Cromer replied, before election day there would be no sterling reserves left. In which case, said Wilson, they would let sterling float. In which case, shouted Cromer, there would be an international financial crisis (there wouldn’t, of course: Britain floated the pound without difficulty in ... ”