Posts Tagged ‘Pound Sterling’
The largest foreign exchange transactions ever made. Part II
February 21st, 2010
No. 2: Stanley Druckenmiller betting on the frame twice.
Stanley Druckenmiller made millions by betting long (Long Bets) twice to the same currency while working as an operator for the Quantum Fund of George Soro.
The first bet Druckenmiller came when the Berlin Wall fell. Already perceived difficulties with regard to the reunification between East German and West German mark had led to a depression that Druckenmiller considered extreme. Initially, he made a multimillion-dollar bet for future recovery (Rally) until Soros ordered to increase their purchase of 2 billion DM.
Things were consistent with the plan and the long position (Long Position) came to be worth millions of dollars, helping to take the Quantum Fund's performance above 60%. (more...)
Tags: George Soros, Pound Sterling, UK equities
Conclusion to take advantage of the falling dollar.
February 21st, 2010
Values, both international and domestic, provide another area for investors to take advantage of a slip in the dollar. If the forecast looks bleak for the U.S. securities markets, some foreign markets may be poised to profit. Of course, there are also U.S. stocks that could benefit from a falling dollar. Large multinational firms that have foreign markets to generate much of their profits benefit when the dollar weakens because it makes a pound or Japanese yen in a greater amount of U.S. dollars. Some names like Procter & Gamble (NYSE: PG), General Electric (NYSE: GE) and PepsiCo (NYSE: PEP) come to mind. (more...)
Tags: global economy, investments, Pound Sterling, weak dollar