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 =========== ★ Stockopedia - Try Free & Get 20% Off - Code HH20 ★ ▶︎ https://why.stockopedia.com/hamishhodder/ ------- LEARN TO INVEST IN STOCKS ▶︎ https://bit.ly/NewMoneyEducation ------- STOCK ANALYSIS SPREADSHEET ▶︎ https://www.hamishhodder.com/spreadsheet ------- STOCK ANALYSIS CHECKLIST ▶︎ https://www.hamishhodder.com/checklist ------- SHARESIGHT - Track Your Portfolio (4 Months FREE) ▶︎ https://www.hamishhodder.com/sharesight ------- SEEKING ALPHA - News & Analysis ▶︎ https://www.hamishhodder.com/seekingalpha ------- TIKR - Financial Data & Analysis ▶︎ https://www.hamishhodder.com/tikr ------- YOUNG INVESTORS PODCAST ▶︎ Apple Music http://bit.ly/YIPitunes ▶︎ Spotify http://bit.ly/YIPspotify ▶︎ YouTube http://bit.ly/YIPYouT ------- ★Support My YouTube Content Directly★ ▶︎ https://www.hamishhodder.com/community ------- FOLLOW ME ON INSTAGRAM ▶︎ https://instagram.com/hamish_hodder ------- FOLLOW ME ON TWITTER/X ▶︎ https://twitter.com/hamish_hodder BUSINESS ENQUIRES ▶︎ [email protected] ------- Disclaimer: The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder. Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.