The only reason he could put on the trade in the size that he did was because the BoE took the other side (they sold $27bn worth of £ and Soros had a $10bn posi

The only reason he could put on the trade in the size that he did was because the BoE took the other side (they sold $27bn worth of £ and Soros had a $10bn position) and believed they were omnipotent (even amongst British civil servants, the BoE was unusually stacked with "god complex" types...and still is to a certain extent). Documentary on this - https://www.youtube.com/watch?v=K_oET45GzMI https://www.youtube.com/watch?v=K_oET45GzMI