George Soros didn't short the pound this time
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Thomson Reuters
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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," a spokesman for Soros said on Monday. "In fact, he was long the British Pound leading up to the vote."
George Soros, who famously made £1 billion betting against the pound on "Black Wednesday," said "that after a Brexit vote the pound would fall by at least 15% and possibly more than 20%."
"However, because of his generally bearish outlook on world markets, Mr. Soros did profit from other investments," the spokesman said.
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