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2min chapter
Top 5 of 2024: #1: Scott Bessent - EP.415
Capital Allocators – Inside the Institutional Investment Industry
The Historic Currency Trade Against the British Pound
This chapter delves into the historical macro trade related to the British pound during John Major's electoral victory in May 1992. It highlights the economic implications of tying the pound to the Deutschmark and how this volatility created advantageous trading opportunities.
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