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Article Summary
- George Soros makes a billion-dollar bet against the British pound
- Bessent and Johnson follow Soros's lead in currency speculation
- Druckenmiller also joins in on the speculation, leading to a successful trade
- The impact of Soros's actions on the global financial market
- Analysis of the strategies used by Soros, Bessent, Johnson, and Druckenmiller Tone: informative and analytical
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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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