The man who broke the pound is now defending the dollar

In 1991, George Soros and his team forced the UK to abandon the exchange rate mechanism, proving you cannot hold a currency at a level the market disagrees with. The man running Soros's London operation at the time was Scott Bessent. On this episode of The Art of Investing, the team looks at the irony of Bessent now taking the opposite approach, working to keep bond yields lower and supporting the dollar yen trade, and what that shift could mean for markets. 📈 Catch more market commentary and insights on our channel. Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://upl.inc/k4gg8x Your capital is at risk. 69% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. #Markets #Bonds #CurrencyMarkets #FinancialHistory #Investing