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It is on this crash–the British pound sterling (GBP) crash of 1992–where George Soros made approximately $1 billion by selling the GBP. Below is the 1997 BBC documentary, Black Wednesday, which looks at the events leading up to the GBP collapse and why it happened.
In 1992, between September and December, the GBPUSD dropped by approximately 25%. In the forex market, that’s a big move.
GBPUSD Weekly Chart of 1992 GBP Crash
Source: FXOpen
September…
The post Black Wednesday – Documentary on 1992 British Pound (GBP) Crash appeared first on Vantage Point Trading.
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