GeorgeSoros.pptVIP

George Soros “The Man Who Broke the Bank of England” Presented By: Vaibhav Ajmera Patricia Lopez Sabrina Madhani Shabeena Meghani Nisha Patel Introduction September 16, 1992 British pound forced out of ERM by currency speculators and British ego severely bruised The man who made it happen George Soros, the world’s biggest currency speculator All in a day’s work Took home 1 billion US dollars in profit Setting the Scene Exchange Rate Mechanism Founded in 1979 among 8 European countries Move towards one currency Adjustable peg system to the German mark Largest member of the ERM Bundes