How Did George Soros Break the Bank of England? Billion Dollars Earnings in One Day!

In this video, we will analyze the economic situation in England at the moment when George Soros earned 1 billion dollars in one day, in 1992.

Read more about George Soros's fortune:
https://www.forex.in.rs/george-soros-make-his-fortune/

George Soros biography:
https://www.forex.in.rs/george-soros-biography-2/

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Content:
00:00 Who is George Soros?
00:36 Soros big bet against Bank of England
01:27 Fact 1: Black Wednesday
01:39 Fact 2: Britain joined the ERM
01:50 Fact 3: British pound and German Deutschemark
02:57 UK's different economic states in comparison to other ERM countries
03:40 UK inflation
04:20 GBP currency state in 1992.
05:17 UK minister authorized spending of billions in Pound Sterling and increased interest rate
06:08 Conclusion - Black Wednesday was the lesson for all governments across the globe.

Видео How Did George Soros Break the Bank of England? Billion Dollars Earnings in One Day! канала FXIGOR