Warning! This article is not suitable for a commentary (it’s just very interesting).

Priceonomics: The Trade of the Century: When George Soros Broke the British Pound

IB Economics syllabus: Macroeconomics (exchange rates)

This is a superb article that explains in detail how a managed exchange rate works in real life (with all its downsides) and how George Soros made $1B in a single day as he understood macroeconomics well.

Source of image: Priceonomics

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