Pound could collapse "within weeks" warns ex-Soros partner

Laura Miller
clock

The pound is on the brink of a collapse which will herald a downturn worse than 2008/9, warns George Soros' former business partner.

Billionaire Jim Rogers says the currency collapse will foreshadow a global economic winter which could hit before the end of the year, and make the last two years seem like "a mild spring day". He says: "In real terms, the pound is already devalued against virtually every currency barring the Zimbabwean dollar and it is especially exposed over the weeks running up to the UK election. "In a basket of currencies, the pound is potentially a basket case. And that will put Britain in an extremely bad position for the shakedown." Rogers' forecast comes as Swiss bank UBS warns of a possib...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read
OBR 'deeply regrets' early release of Budget document

OBR 'deeply regrets' early release of Budget document

Mistaken release of Budget documents forced Richard Hughes' resignation

Linus Uhlig
clock 02 December 2025 • 3 min read