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Soros says pound fall after Brexit would be bigger, more disruptive than 'Black Wednesday'
Reuters ^ | Tue Jun 21, 2016 3:43am EDT | Guy Faulconbridge

Posted on 06/22/2016 10:50:21 PM PDT by Olog-hai

George Soros, the billionaire who earned fame by betting against the pound in 1992, said that a British vote on Thursday to leave the European Union would trigger a bigger and more disruptive sterling devaluation than the fall on Black Wednesday.

Soros used Quantum Fund in 1992 to bet successfully that sterling was overvalued against the Deutsche Mark, forcing then-Prime Minister John Major to pull the pound out of the European Exchange Rate Mechanism (ERM).

Soros, in an opinion piece in the Guardian newspaper, said that in the event of a British exit, or Brexit, the pound would fall by at least 15 percent, and possibly more than 20 percent, to below $1.15 from its current level of around $1.46. …

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Foreign Affairs; Germany; United Kingdom
KEYWORDS: brexit; brixit; europeanunion; eussr; nato; poundsterling; socialmarketeconomy; soros; sorosbrexitwarning; sorosthreat; soroswarning; unitedkingdom
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1 posted on 06/22/2016 10:50:22 PM PDT by Olog-hai
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To: Olog-hai

What an evil man George Soros is. Of course the bastard is against BRexit.


2 posted on 06/22/2016 10:52:34 PM PDT by NYRepublican72 (Radical Islamic terrorist Omar Mateen is "Ready for Hillary!" Are you too?)
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To: Olog-hai

Soros tried to destroy the British pound once and now he’s working at it again -— alternative : stay enslaved to the soros/ Nazi Brussels dictatorship. Very clever - he wins or will extract his pound of flesh from the British people either way this time. Woe unto us all that this Evil Incarnate pos remains at liberty to wreak his diabolical attacks on us all


3 posted on 06/22/2016 10:54:42 PM PDT by faithhopecharity ("Politicians are not born. They're excreted." Marcus Tullius Cicero)
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To: Olog-hai

Liar.


4 posted on 06/22/2016 10:56:53 PM PDT by BlessedBeGod (To restore all things in Christ ~~~~ Appeasing evil is cowardice.)
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To: Olog-hai

Soros, again!! Isn’t he late for a doctors appointment or something?


5 posted on 06/22/2016 10:58:48 PM PDT by lee martell
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To: Olog-hai

I noticed Obama has kept his mouth shut on this particular issue for the last week. Most of the English told him directly to stay out of it! Whatever the outcome, you can expect him to dip his beak into it, unbidden.


6 posted on 06/22/2016 11:01:08 PM PDT by lee martell
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To: NYRepublican72

George Soros ...a sorrowful and wasted life. His wealth could have been used to make a difference in the world, but he would rather perpetuate a communistic One World Order wherein he gets to play God. Soon, he will stand before the one and only true God, giving an account of his evil. What a waste.


7 posted on 06/22/2016 11:03:08 PM PDT by The Citizen Soldier ("It's always good to be underestimated." ~Donald Trump)
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To: The Citizen Soldier

Maybe he will take a giant loss by leveraging his assets in the wrong direction.


8 posted on 06/22/2016 11:07:13 PM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord. Psalm 33:12)
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To: stars & stripes forever
Maybe he will take a giant loss by leveraging his assets in the wrong direction.

Oh. that would be real poetic justice. One can only hope.

9 posted on 06/22/2016 11:17:00 PM PDT by The Citizen Soldier ("It's always good to be underestimated." ~Donald Trump)
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To: The Citizen Soldier

I hope that’s damned soon. Any moment please.


10 posted on 06/22/2016 11:17:46 PM PDT by Scott from the Left Coast
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To: Olog-hai

I suspect that when he least expects it, that George Soros is going to be suddenly diagnosed with terminal lead poisoning.

Couldn’t happen to a nicer guy.


11 posted on 06/22/2016 11:21:37 PM PDT by mkjessup (Hillary Rotten Criminal is a f--king murdering sociopath. You want that in the Oval Office?)
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To: NYRepublican72

“Of course the bastard is against BRexit.”

I’m sure he’s playing both sides, but I’m also sure that he’s shorted the pound and will do everything he can to make billions on it.


12 posted on 06/22/2016 11:39:22 PM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: Olog-hai

Please hes covered his ass either way.


13 posted on 06/22/2016 11:43:50 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: Secret Agent Man

Until he really runs afoul of one of those despots he’s helped rise.


14 posted on 06/23/2016 12:10:04 AM PDT by Olog-hai
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To: NYRepublican72

i have an account should i bet with the evil s and short the markets g are you shorting the markets this time you bastard


15 posted on 06/23/2016 12:31:45 AM PDT by kvanbrunt2
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To: Olog-hai

I am praying someone takes him out, as well as his sons.


16 posted on 06/23/2016 12:54:22 AM PDT by Captainpaintball (It appears that we no longer wish to keep our Republic, Mr. Franklin...)
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To: NYRepublican72

We’re I a head of state, I know what I would do.


17 posted on 06/23/2016 1:40:32 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Olog-hai

I’d like to know where he’s invested his money, betting the Brits will vote for Brexit, talking out both sides of his mouth.


18 posted on 06/23/2016 1:52:30 AM PDT by gattaca (Republicans believe every day is July 4, democrats believe every day is April 15. Ronald Reagan)
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To: Olog-hai

Soros, the Bond villain concern-troll.


19 posted on 06/23/2016 1:52:56 AM PDT by Riley (The Fourth Estate is the Fifth Column.)
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To: Olog-hai
Isn't that he who must not be named?

I don't think I have ever agree with him on anything. If asked the time of day he would give the wrong time.

20 posted on 06/23/2016 1:57:21 AM PDT by Steve Van Doorn (*in my best Eric Cartman voice* 'I love you, guys')
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