George Soros did not bet against sterling just before Brexit vote: spokesman
[LONDON] George Soros, the billionaire who earned fame by betting against the pound in 1992, did not speculate against sterling just ahead of Britain's vote to leave the European Union but he did profit from other bearish bets due to the Brexit result, a spokesman said.
"George Soros did not speculate against sterling while he was arguing for Britain to remain in the European Union," a spokesman for Mr Soros said on Monday. "In fact, he was long the British Pound leading up to the vote." "However, because of his generally bearish outlook on world markets, Mr Soros did profit from other investments," the spokesman said.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Abu Dhabi returns to debt market with new US dollar bond
Ping An profit falls as market declines hurt investment returns
BOJ will hike rates if trend inflation accelerates, says Ueda
Binance’s rivals muscle in on Bitcoin trading around the world
Citi picks Amit Dhawan to head Singapore commercial bank operations
China finance ministry echoes Xi’s call for bond trading at PBOC