Business Case Studies & Business Publications

Exchange Rate Shocks in the United Kingd...

Warnock, Francis E...

Case

Exchange Rate Shocks in the United Kingdom and Switzerland

Warnock, Francis E.; Walsh, Kieran J.

GEM-0172 | Published January 6, 2021 | 15 pages Case

Collection: Darden School of Business

Product Details

This case follows as the protagonist sets out to refresh his knowledge of large changes in exchange rates by analyzing two specific episodes: George Soros against the Bank of England (BOE) in 1992 and Switzerland’s Francogeddon in 2015. The episodes were in one sense very different—one led to a sharp depreciation and the other to a sharp appreciation—but understanding them could serve him well when assessing future potential large exchange rate movements.