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DO IT LIKE SOROS | The Railway Porter Who Earned $1 Billion In Just One Day
2 years ago
10
In 1992, British Pound was on verge of collapse, Bank of England took emergency measures and was forced to withdraw sterling from the European Exchange Rate Mechanism, this event is known as Black Wednesday and the British government lost around 3.14 billion pound in a single day. Due to this event the ruling party lost the next election and remained out of power for 13 years.
The man who took advantage of Black Wednesday was George Soros, who shorted the sterling and earned over $1 billion in just a single day.
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