Yes, it was very much open speculation. It was widely believed at the time that Sterling had been pegged at an unsustainably high value. Based on this belief S

Yes, it was very much open speculation. It was widely believed at the time that Sterling had been pegged at an unsustainably high value. Based on this belief Soros and the other speculators put large amounts of money on Sterling depreciating, which happened and they earned massive profits. There was no "insider information".