George Soros: EU exit risks 'black Friday'

Exclusive: Currency speculator warns devaluation would mean more disruption than when UK dropped out of ERM in 1992

George Soros: the Brexit crash will make all of you poorer

The world's most famous currency speculator has warned a vote on Thursday for Britain to leave the EU would trigger a bigger and more damaging fall for sterling than the day he forced Britain out of the Exchange Rate Mechanism almost a quarter of a century ago.

George Soros, writing in the Guardian, said that a Brexit vote would spark a "black Friday" for the UK, but the devaluation of sterling would bring none of the benefits to the economy that it enjoyed after it dropped out of the ERM on 16 September 1992 - Black Wednesday.

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