In 1992, Soros’ fund set its sights on the British pound, betting that some time in the fall of that year, the pound would plummet in value. Opposing them in this trade was the Bank of England, which ...

Eman Negm, economist at Cairo-based Prime Holding, expects the CBE will hold a "mega auction" in the first quarter of this year, to devalue the pound to 8.40 against the dollar. “It’s a matter ...

Sterling dipped 1.1% to $1.2242 and €1. ... that this effect has not been strong in the years following the significant pound devaluation after the 2016 Brexit vote. Currencies fluctuate, of ...