At that time, Soros attacked the exchange rate of the mark against the pound. At that time, Germany's economy recovered, exports increased greatly, and the mark strengthened sharply. At that time, the British government intervened to maintain the strong position of the pound (in fact, this violated the laws of the market). Soros decided to short the pound a lot. The exchange rate of the pound against the mark has plummeted. Although it was reported that the Bank of England bought 3 billion pounds, it still failed to stop the pound from falling. By the end of the evening, the exchange rate of the pound against the mark almost fell to the lower limit stipulated by the European exchange rate system. The next day, the Bank of England raised the deposit interest rate to 12%. Still unable to stop the pound from falling, Britain was forced to withdraw from the European exchange rate system.

Soros is not alone in this war. There are other mutual funds and multinational companies. Soros is the planner and implementer. As long as the "potential" is formed, there will be followers.