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Article Summary
- George Soros makes a significant profit by betting against the British pound in 1992
- Bessent, Johnson, and Druckenmiller also profited from the currency crisis
- The British pound falls sharply as a result of Soros' actions
- The Bank of England is forced to withdraw the pound from the European Exchange Rate Mechanism
- The impact of Soros' actions on the British economy is analyzed Tone: Informative
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How George Soros Forced The UK To Devalue The Pound
As people learn more about Donald Trump's pick for Treasury Secretary, Scott Bessent, one story comes up over and over: a legendary trade that he played a small part in while he worked at George Soros' hedge fund in the 1990s. In 1992, Soros' fund set its sights on the British pound, betting that some time in the fall of that year, the pound would plummet in value. Opposing them in this tr...
https://www.npr.org/2024/12/04/1216966368/george-s...
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