George Soros warns that Brexit would lead to huge drop in pound's value

United States investor George Soros has warned that a potential Brexit from the European Union would lead to a huge drop in the value of the pound, and possibly even a Black Friday.

With two days remaining before the British vote on whether to remain in or leave the EU, the famous businessman wrote in The Guardian that the decision "would have an immediate and dramatic impact on financial markets, investment, prices and jobs".

Soros gained notoriety in 1992 when he bet against the value of the British currency, picking up a cool $1 billion when it decreased by 15%.

Soros gained notoriety in 1992 when he bet against the value of the British currency, picking up a cool $1 billion

Mr Soros wrote: "I would expect this devaluation to be bigger and more disruptive than the 15% devaluation that occurred in September 1992, when I was fortunate enough to make a substantial profit for my hedge fund investors, at the expense of the Bank of England and the British government."

Soros' predictions became even more dark as he said that it could lead to another crisis which would have serious after-effects for a lot of people.

"A vote to leave could see the week end with a Black Friday, and serious consequences for ordinary people."

Previously, the Hungarian refugee had bet that the UK will vote to stay within the EU, and said that the bloc of nations will be doomed without one of its most powerful members.

“If Britain leaves, it could unleash a general exodus, and the disintegration of the European Union will become practically unavoidable,” he said.