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On September 16, 1992, the British government was fighting for its financial life.
For months, currency traders had been circling the British pound. The pound was pegged to European currencies at a rate most believed was indefensible. Britain’s economy was weakening. Inflation was high due to economic growth in Europe after the fall of the Berlin Wall.
The math didn’t work. And one man – George Soros – decided to bet on it.
What followed was one of the most spectacular days in the history of global finance.
