Recently UStoday.com did a story about George Soros. George Soros is a very influential billionaire in the United Kingdom. Soros is an individual that was able to become a millionaire through hard work and ambition. Soros truly believes that Britain should not vote to leave the European Union; he believes that leaving the European Union could cause a stock market disaster for the United Kingdom and the entire world. Many other influential individuals also have the same feeling as George Soros. These individuals include David Beckham and Victoria Beckham.
The citizens of the United Kingdom will take on the vote to leave the 28 Nation, European Union, and Soros believes that it could cause the pound to plummet. It could be similar to what happened over 24 years ago on the historic “black Wednesday.” At the present moment the British pound is one of the highest form of currency in the world, but Soros truly believes that the pound could fall between 15% and 20%.
David Beckham also announced that he would support Britain staying in the European Union. He believes that it is important for their country to stay connected to the rest of the countries in Europe, and he and his wife want to be able to show their children that they face problems together with the rest of the world as a united front. Many other individuals believe that leaving the European Union could ruin the hopes and dreams of their children and grandchildren as well.
George Soros is also very worried about the manufacturing of exports. When the British pound fell in 1992, the manufacturing exports began to rise, but he believes that that it is very unlikely to occur again this time. Soros believes that it is almost inevitable that the pound is going to fall quickly and very steeply if the vote passes to leave the European Union.
Learn more about George Soros: https://www.project-syndicate.org/columnist/george-soros