Reply to post: Re: my early bird antics cost them over 40k

September 16, 1992, was not a good day to be overly enthusiastic about your job

Alan Brown Silver badge

Re: my early bird antics cost them over 40k

Blaming Soros is easy but there was a lot of manipulation going on behind the scenes - as others have pointed out currency traders were at it like gangbusters. He was just the highest profile head above the parapet

Nailing the pound (or other currencies) to a fixed position on the ERM mast was a fundamental error in the first place, as many observers pointed out at the time. The pound wasn't the only currency targetted but it was the most easily manipulated

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