..89ERMTheEuropeanExchangeRateMechanis6%ERM80NigelLawsonCPI19862%199010%ERM1990NigelLawsonJohnMajor199010ERM2.952.773-3.13JohnMajorERMJohnMajorERMERMERMERMERMERM0P2P1980314.8%1981620%19833%...........