Loading ...But while Soros is lukewarm on the UK, his forecast about Europe is far more dire.
“But the implications for Europe could be far worse. Tensions among member states have reached a breaking point, not only over refugees, but also as a result of exceptional strains between creditor and debtor countries within the eurozone. At the same time, weakened leaders in France and Germany are now squarely focused on domestic problems. In Italy, a 10% fall in the stock market following the Brexit vote clearly signals the country’s vulnerability to a full-blown banking crisis – which could well bring the populist Five Star Movement, which has just won the mayoralty in Rome, to power as early as next year.”
Which, incidentally, is what we warned earlier today when saying that “it appears that the trade now is not to sell Sterling, at least not anymore: one should have done that at 1.50 when everyone was wrong about the Brexit outcome based on manipulated polls as we explained ahead of the event. If anything, sterling will rebound following the positive boost to the UK economy following the devaluation. It’s the long EUR trade we would be far more concerned about here.”
One can be absolutely confident that Soros, who as revealed earlier this month is short the markets, is very, very short the Euro.
http://www.zerohedge.com/news/2016-06-25/george-soros-brexit-makes-eu-disintegration-irreversible