Jun 28, 2016

    Soros didn't bet against pound: Spokesman


    GEORGE Soros, the billionaire who earned fame by betting against the pound in 1992, did not speculate against the sterling just ahead of Britain's vote to leave the European Union.

    But he did profit from other bearish bets due to the Brexit result, a spokesman said.

    "George Soros did not speculate against sterling while he was arguing for Britain to remain in the European Union," the spokesman stated yesterday.

    "In fact, he was long the British pound leading up to the vote.

    "However, because of his generally bearish outlook on world markets, Mr Soros did profit from other investments."