• George Soros vs. the Bank of England

  • Dec 4 2024
  • Length: 31 mins
  • Podcast

George Soros vs. the Bank of England

Listen for free

View show details

  • Summary

  • As people learn more about Donald Trump's pick for Treasury Secretary, Scott Bessent, one story comes up over and over: a legendary trade that he played a small part in while he worked at George Soros' hedge fund in the 1990s.

    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 was determined to keep its currency stable. The financial battle that followed was intense and proved to be a watershed moment in the balance of power between markets and governments.

    On today's show, we speak to Robert Johnson, a former managing director at Soros' fund, for a blow-by-blow account of those fateful days in 1992.

    This episode was hosted by Keith Romer and Alex Goldmark. It was produced by Willa Rubin and edited by Martina Castro. It was fact-checked by Sierra Juarez and engineered by Cena Loffredo. Alex Goldmark is Planet Money's executive producer.

    Help support     Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

    Always free at these links:     Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.

    Find more Planet Money:     Facebook / Instagram / TikTok / Our weekly Newsletter.

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy
    Show More Show Less
Show More Show Less

What listeners say about George Soros vs. the Bank of England

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.