Following Churchill's retirement, Eden made Macmillan chancellor and concerned his time with the Suez Crisis
The Suez Canal was important for trade and when ColonelNasser - a nationalist who staged a coup in Egypt - decided to nationalise the canal, Britain and France were outraged due to the impact it had on their trade
Britain and France made an arrangement with Israel to invade the canal, but Eisenhower was outraged, causing a run on the pound
