Indeed, and that's also why the trade was so good. The pound couldn't possibly get much higher, but it could break and go far far lower. That's why Soros bet 20

Indeed, and that's also why the trade was so good. The pound couldn't possibly get much higher, but it could break and go far far lower. That's why Soros bet 200% of his fund on this position, huge upside with very small, tolerable downside.