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

Pound could fall more than 20%

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

Billionaire investor George Soros has warned a Brexit could see sterling fall by 20% against the greenback, more than when he profited from betting against the currency ahead of Black Wednesday in 1992.

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....

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