George Soros, the billionaire who earned fame by betting against the pound in 1992, didn't short sterling ahead of Britain's vote to leave the European Union.
"George Soros did not speculate against sterling while he was arguing for Britain to remain in the European Union," a spokesman for Soros said on Monday. "In fact, he was long the British Pound leading up to the vote."
His spokesman said Soros did profit from other bearish bets because of the Brexit result.
Soros, who made £1 billion betting against the pound on "Black Wednesday," had said that after a British vote to exit the EU in a so-called Brexit, "the pound would fall by at least 15% and possibly more than 20%."
The pound, which at one point fell over 10% against the US dollar to about $1.33, a 31-year low, was one of the most immediate market casualties of the vote to leave the EU. It was worst single-day drop ever for the currency.
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