Soros: Brexit could be more disruptive for sterling than 1992 Black Wednesday

Writing in The Guardian, Soros (pictured) said the pound would fall by at least 15% if the UK votes to leave the single European market, and potentially more than 20% to below $1.15 against the dollar. He said voters are underestimating the importance of the vote and the immediate effects it will have on the UK economy. "Sterling is almost ­certain to fall steeply and quickly if leave wins the referendum," Soros wrote. "I would expect this devaluation to be bigger and also more disruptive than the 15% ­devaluation that occurred in September 1992, when I was fortunate enough to make...