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How did George Soros "break the bank of England"?
How did Soros make such a large profit from his bet against the pound?
Soros used a tactic called "short selling", which is when an investor borrows a currency and sells it, hoping to buy it back at a lower price and make a profit. Soros had a lot of confidence in his bet against the pound, and when the value of the British pound plummeted, he was able to buy it back at a much lower price and make a massive profit.