Mr Soros Up To His Old Tricks Again

George Soros, the man who nearly destroyed the bank of England in 1993 admitted he had been short selling sterling ( short selling is a technique that allows you to profit from falling prices).

Although he says he doesn´t have a position anymore, as he doesn´t feel the risk/reward is as "compelling" at it current levels.

Mr. Soros didn´t say that the pound wouldn´t de-value further, but expected it to continue to fluctuate.