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Is there any benefit Forex? Individuals one question that many of us have been asking ourselves recently. An additional important one for the largest forex hauls of all time. In 1992 the British Pound exchange rate versus other European currencies was fixed by their bank of Britain. So as to control it, loan company fixed their interest rate pretty high, comparable towards the rate in Germany. This really is not fit however for the economic conditions prevailing in England. Germany had an expanding economy along with the interest rates were made to reduce pressure of augmentation. Britain was in the opposite situation, with its economy typically the doldrums. A Hungarian immigrant identified this situation, decided that it wasn’t going to last for long and sold short 10 billion pounds. He made 1.1 Billion US$. His name is George Soros.
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