, Columnist
Soros's Aim May Be Askew
The bigger risk to the global economy lies in this month's Brexit vote.
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George Soros sees trouble ahead for the global economy and is concerned that large market shifts may be at hand. The billionaire investor is worried about China, though sanguine about the possibility that Britain may leave the European Union. He may have his targets the wrong way round.
Soros's views, reported by the Wall Street Journal on Thursday, highlight a surprising discrepancy in currency markets, 14 days before the U.K.'s referendum on its EU membership. While the implied volatility of the pound spiked to 22.35 percent on June 6, the highest since February 2009, expected swings of other currencies that would be affected by a so-called Brexit remain subdued.