Sleepy Stock Market

One Man Broke The Bank of England

41 min Β· 20. maj 2026
episode One Man Broke The Bank of England cover

Description

On September 16, 1992, George Soros's Quantum Fund shorted Β£10 billion and forced the UK out of the European Exchange Rate Mechanism β€” pocketing $1.1 billion in profit in a single day. Stanley Druckenmiller spotted the fatal crack in August: a Bundesbank report signalling Germany would not defend weaker ERM currencies. Chancellor Norman Lamont burned through Β£3.3 billion in taxpayer money raising rates to 15% trying to hold the line β€” and lost. Black Wednesday remains the most devastating single-day currency trade in financial history. 🎧 Part of the Sleepy Stock Market series β€” financial history told as documentary audio. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ SLEEPY STOCK MARKET Fall asleep to the greatest stories in financial history. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ #GeorgeSoros #BlackWednesday #HedgeFund #QuantumFund #BritishPound #FinancialHistory #MacroInvesting #StanleyDruckenmiller

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