George Soros: EU exit risks 'black Friday'

  • metta

    Posts: 38636

    Jun 21, 2016 3:50 PM GMT
    George Soros: EU exit risks 'black Friday'

    "a vote on Thursday for Britain to leave the EU would trigger a bigger and more damaging fall for sterling than the day he forced Britain out of the Exchange Rate Mechanism almost a quarter of a century ago."
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    Jun 21, 2016 4:26 PM GMT
    It would be helpful if, in writing his article for The Guardian, Mr Soros had disclosed what positions he may or may not be running on sterling or sterling-denominated assets.

    Past experience suggests that, when high-profile traders like Mr Soros speak out on issues like the referendum, their comments can often become a self-fulfilling prophesy. A big fall in the pound may be exactly what he is hoping will happen.