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Saturday, December 14, 2024
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HomeFinanceThe $7 Billion Commerce That Broke Britain

The $7 Billion Commerce That Broke Britain

Thanks Morning Brew for my every day information briefing – join free right here https://morningbrewdaily.com/hamish

That is the story of how George Soros and Stanley Druckenmiller ‘Broke the Financial institution of England.’

Collectively they guess $7 Billion that the British Sterling Pound would collapse.

However this commerce, whereas one of many largest success tales in monetary historical past, is tethered to an insane sequence of occasions

A story of how a secretly recorded interview in Frankfurt, Germany, triggered one of many largest monetary disaster’ of all time, often known as Black Wednesday,

An hour by hour battle between merchants like Soros, speculating on foreign money alternate charges and the Financial institution of England making an attempt to stabilise the pound.

TIMESTAMPS
INTRO 0:00
TURNING POINT 2:47
BIG MISTAKE 5:42
BUT, WHEN? 8:41
SECRET RECORDING 10:10
AVALANCHE 11:43
DESPERATION 14:00

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Disclaimer:
The knowledge on this video is basic info solely and shouldn’t be taken as constituting skilled recommendation from Hamish Hodder.
Hamish Hodder shouldn’t be a monetary adviser. It’s best to take into account searching for impartial authorized, monetary, taxation or different recommendation to verify how the data pertains to your distinctive circumstances.
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