George Soros says leaving EU will trigger UK currency crisis

June 21, 2016 8:11 AM

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LONDON – Billionaire currency trader George Soros has warned that a vote for Britain to leave European Union will trigger a plunge in the pound — without benefits that can come with a devalued currency.

In an op-ed piece in Tuesday's Guardian, Soros says a decision to leave the 28-nation bloc in Thursday's vote will cause sterling to drop quickly. Soros predicted the drop will be more dramatic than when Britain crashed out of the European Exchange Rate Mechanism in September 1992.

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