[parasense]

Agreed.

It's basic game theory, understanding adversarial finance, and applying risk management practices at the sovereign state (central bank) level.

It does seem strange today to bet somewhere in the neighborhood of $7 ~ $8 billions, to only realize a capital gain of ~$1 billion, but it's actually a really impressive ~14% return.

The issue I suppose is where taking that adversarial position, and then being outspoken about the topic, in essence a variation of pump'n'dump for short sellers... proclaim the doom of the British sterling, and the doom becomes real via market awareness.... or, is "market awareness" really just market manipulation?