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13min chapter
George Soros vs. the Bank of England
Planet Money
The Battle for the Pound
This chapter explores the critical financial challenges faced by the UK amid turbulent European monetary policy, focusing on the clash between interest rate strategies and inflation concerns. It details the high-stakes maneuvers of hedge funds, particularly George Soros, as they position themselves to profit from the anticipated failure of the British pound. The narrative culminates in the dramatic events of Black Wednesday, highlighting the profound impact of speculative trading on national economic policy.
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