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Sterling's fall after Brexit will be bigger than on 'Black Wednesday', says Soros

Wednesday, June 22, 2016 - 05:50

Mr Soros says that the Bank of England would not cut rates after a British exit


GEORGE Soros, the billionaire who earned fame by betting against the pound in 1992, said that a British vote on Thursday to leave the European Union would trigger a bigger and more disruptive sterling devaluation than the fall on Black Wednesday.

Mr Soros used Quantum Fund

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