The Pound Hits $2

You know your currency is in rough shape when even the British pound is doing well against it. Today, the pound reached $2 for the first time in 15 years.
By the way, that big plunge on the chart in 1992 is when Britain dropped out of the ERM. It’s believed that George Soros made over $1 billion that day.

Posted by Eddy Elfenbein on April 17th, 2007 at 10:40 am

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