The $7 Billion Trade That Broke Britain

Thanks Morning Brew for my daily news briefing - sign up for free here https://morningbrewdaily.com/hamish This is the story of how George Soros and Stanley Druckenmiller ‘Broke the Bank of England.’ Together they bet $7 Billion that the British Sterling Pound would collapse. But this trade, while one of the biggest success stories in financial history, is tethered to an insane series of events A tale of how a secretly recorded interview in Frankfurt, Germany, triggered one of the biggest financial crisis’ of all time, known as Black Wednesday, An hour by hour battle between traders like Soros, speculating on currency exchange rates and the Bank of England trying to stabilise the pound. TIMESTAMPS INTRO 0:00 TURNING POINT 2:47 BIG MISTAKE 5:42 BUT, WHEN? 8:41 SECRET RECORDING 10:10 AVALANCHE 11:43 DESPERATION 14:00 =========== ★ BECOME A CHANNEL MEMBER ★ Access member-only livestreams and get credited on the end-screen of my videos! ▶︎ https://www.youtube.com/hamishhodder/... ------- ★ STOCKOPEDIA - Try Free & Get 25% Off ★ ▶︎ https://why.stockopedia.com/hamishhod... ------- LEARN TO INVEST IN STOCKS ▶︎ https://bit.ly/NewMoneyEducation ------- INVESTING.COM - financial data & tools ▶︎ https://www.investing-referral.com/ha... ------- SEEKING ALPHA - News & Analysis ▶︎ https://link.seekingalpha.com/FMMJ5S/... ------- TIKR - Financial Data & Analysis ▶︎ https://www.tikr.com/?ref=hamishhodder ------- FOLLOW ME ON INSTAGRAM ▶︎   / hamish_hodder   ------- FOLLOW ME ON TWITTER/X ▶︎   / hamish_hodder   ------- LISTEN TO OUR PODCAST ▶︎    / @theyounginvestorspodcast   BUSINESS ENQUIRES ▶︎ [email protected]