pinko-grey
/ˌpɪŋkəʊˈɡreɪ/(US pinko-gray)
adjective
Of a pinkish grey colour; specifically of or belonging to a light-skinned people.
noun
Slang. A white person.
Origin
1920s; earliest use found in E. M. Forster (1879–1970), novelist and essayist. From pinko- + grey.