Lord Rothschild takes £130m bet against the euro

Lord Rothschild has taken a near-£130m bet against the euro as fears continue to grow that the single currency will break up.

The member of the banking dynasty has taken the position through RIT Capital Partners, the £1.9bn investment trust of which he is executive chairman.

The fact that the former investment banker, a senior member of the Rothschild family, has taken such a view will be seen as a further negative for the currency.

The latest omen follows news in The Daily Telegraph late last week that the government of Finland is already preparing for the euro’s break-up.

RIT, which Lord Rothschild has led since 1988, had a -7pc net short position in terms of principal currency exposures on the euro at the end of July, up from -3pc at the end of January. Given a net asset value of £1.836bn at the end of July, the position is worth £128m.

Sources close to RIT suggested that the position was not a dogmatic negative view on the euro as a currency, but rather a realistic approach on a currency that remains relatively weak.

  • Share/Bookmark

Leave a Reply

You must be logged in to post a comment.

Radio Archives

Fundraising with GoGetFunding
Fundraising with GoGetFunding

Give Your Support

The Global Reality represents a tireless effort to search, gather, and present information that even some alternative media channels refuse to discuss, let alone the mainstream. This effort is provided with no advertisements, no selling of products or services that are irrelevant and useless. There is only one sponsor: YOU!

Support the information that's in your right to know, that "they" dare not want you to know.

Notice: We can now take manual credit card entries for DVD's or donations. Those who do not want to use Paypal can now send your credit card number, expiration date, 3 digit security code and zip code to globalrealityshow@gmail.com along with the amount of purchase and we can process your order into our Paypal account without you having to use Paypal at all.

One-Time Donation

Donation Subscription

Monthly Recurring Donations
Your Own Amount: $

Join Us on FedBook