> For many, it was obvious that the pound sterling was overvalued
> The Bank of England was finally forced to give up the fight a few hours after the attack, announcing its exit from the European monetary system with a devaluation of about 15%
Sounds like George Soros just fixed a disequilibrium? How is he the bad guy in this story?
> The Bank of England was finally forced to give up the fight a few hours after the attack, announcing its exit from the European monetary system with a devaluation of about 15%
Sounds like George Soros just fixed a disequilibrium? How is he the bad guy in this story?