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A comment on When George Soros Broke the British Pound (2014). Parent comment

Re:When George Soros Broke the British Pound (2014) by jonplackett on Tuesday November 05, 2019 @06:58PM (#21458285)
Problem was it divided people into the ones who could afford the hike in interest and the ones who couldn’t. Either you could keep up and were rewarded by a house going up in value massively, or you went bankrupt.
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Re:When George Soros Broke the British Pound (2014) by aaronblohowiak on Tuesday November 05, 2019 @07:21PM (#21458473)
They didn’t have fixed rate debt?
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Re:When George Soros Broke the British Pound (2014) by mc3 on Tuesday November 05, 2019 @11:17PM (#21459670)
In the UK typically people only fix for a short period, say 2 years, if at all. The premium for fixing for 25 years is quite high.
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