Discover and read the best of Twitter Threads about #brexitcausedpounddevaluation

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‼️The Brexit Short:

The Brexit Short: How Hedge Funds Used Private Polls to Make Millions

bloomberg.com/news/features/…
Just four minutes after the polls had closed, and with meaningful vote counts still more than two hours away, Sky had aired a (False) concession from Nigel Farage, the world’s most prominent Brexit backer, buttressed by data from YouGov.

bloomberg.com/news/features/…
In a few hours these “scoops” would prove spectacularly wrong,

The news pushed the U.K.’s currency up—herding investors toward a cliff hours ahead of one of the largest crashes for any major currency since the birth of the modern global financial system.
bloomberg.com/news/features/…
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