I quite like cooking mircette cost On Black Wednesday itself, massive intervention by the Bank of England in the foreign exchanges proved totally ineffective, and some ﾂ｣1.5 billion was thought to have been lost as sterling was devalued by 15 per cent. The brunt of the blame for the debacle attached to the Chancellor of the Exchequer, Norman Lamont, whilst the Bank was seen as having little choice but to hold its line until the decision to suspend membership became inevitable.