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George Soros vs the Bank of England: The Trade That Broke a Currency
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WorldSnap - Economy & Financial by World Snap
Episode notes
In 1992, George Soros made one of the most famous trades in financial history: a massive bet against the British pound. This episode explains how Britain’s attempt to defend its currency inside Europe’s Exchange Rate Mechanism turned into Black Wednesday, why the Bank of England was forced to surrender, and what this crisis reveals about central banks, market power, and the limits of government control over money.
Keywords
currency crisisGeorge SorosBank of EnglandBlack Wednesdaypound crisisfinancial historyforex tradingExchange Rate MechanismBritish pound1992 crisis