UK crisis: Drawing parallels with the pound’s collapse 30 years ago when George Soros made a killing

How history comes back in different hues and colours.

I had blogged about how uk faced a major currency crisis 30 years ago just a fornight back. It is surreal how the economy faced another simlar looking crisis a fortnight later.

My article in moneycontrol drawing parallels between the two crises.

And yes as I wrote the article, i realised even daya are similar. The 1992 crisis happened on a Wednesday when the government tried to protect pound but failed to do so. it was called as black wednesday. Even yesterday it was a wednesday when the central bank tried to protect the currency and interest rates.  From black wednesday to a grey wednesday!


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