Reborn Financial Overlord
Page 411
2.7095, sold 666.
2.6996, sold 666.
.....
Then the markets intertwined again.
When the pound price was bombarded to 2.6996, there was a lot of buying in the market.
2.7 Buy, [-] lots.
2.7151, buy [-] lots.
2.7248, buy [-] lots.
Under the huge amount of buying contracts, the price of the British pound rebounded again.
Bank of England, Markets and Trading,
The vice president, Eddie George, was roaring with a ferocious face.
"Hold it. Be sure to hold it for me. This is our last chance. Follow up, below 2.73, and sweep away all selling orders."
The traders were holding their breath and tapping their keyboards frantically.
Everyone knows that the UK is now in a life-and-death crisis. Once the previous low is lost, it will hit a new record low.
At that time, no one knew what would happen to the pound.
Chapter 1 Twelve
The location of the UK is surrounded by the sea, so the weather here is always changing in autumn. The sun is still shining brightly in the morning. I don’t know when it will start. The dark clouds have gathered at the high altitude of London City to cover the sun hanging in the sky, and the sky has changed. gotta get dark.
Thick black clouds pressed down on the head, and the blackness was solidified in the sky. The strong wind gave people a feeling of oppression, and everyone could feel that a storm was coming.
At least, that was the case for Robin Leigh Pemberton.
As the governor of the Central Bank, he knows very well what kind of decisive battle Britain is facing today.
This is the battle of national destiny.
If you win, the security of the pound will be guaranteed, and Great Britain will be able to stay in the European common economy to gain more benefits; if you lose, it will be a terrible disaster. In addition to facing uncountable losses, Great Britain will also suffer Nailed to the shelf of shame in history.
However, Pemberton had no confidence in winning at all.
The continuous selling of sterling in the spot market is as if the seller has inexhaustible money, which makes Pemberton feel absurd that international capital shorts are the issuing bank of sterling, not the Bank of England.
Otherwise, where do those guys get so many pounds to keep selling.
There are new highs above new highs, and new lows below new lows.
In the market price change, theoretically, there is always only one maximum and one minimum. If you want to stop the current decline of the pound, you must create a minimum, but he is not sure whether to stop this minimum.
Seeing the downward trend of the British pound hit a barb driven upward by the last funds, Robin Leigh Pemberton drew a cross on his chest full of hope, and silently prayed the most devout prayer in his heart.
God bless!
God bless Great Britain!
God bless sterling to avoid this crisis, send those damn demons to hell.
Probably, really God bless.
At this moment, Norman Lamont called with good news.
"Robin. Just now, President Michel Condesuu agreed to our request, and the IMF is willing to lend us 70 billion pounds..."
This is undoubtedly good news.
Money is human blood, without money, women’s legs will become weak; money is also blood to a country, without money, the whole country’s diseases will be concentrated.
Although there is a gap of 70 billion between the 100 billion pounds and the estimated 30 billion pounds, for the UK at this time, such a large sum of money is simply life-saving.As long as the current pound price is made into an iron bottom in line with the new interest rate policy, the eye-catching international capital will retreat without a fight under the high interest rate.
Robin Leigh Pemberton clenched his fists fiercely, releasing the excitement and excitement in his heart, but he knew that money alone was not enough.
"Norman. I think you know that we have to have higher interest rates to dissuade sellers in the market from continuing to sell. Otherwise, they will keep borrowing money and we will be tired."
"..."
Pemberton's words gave Norman Lamont a headache.
In order to prevent more pounds from being sold in the market, sellers in the market must have no pounds to sell, but the banking institutions are open, so there is no reason not to let people borrow money, unless foreign exchange controls are implemented, banks are prohibited from lending money.
But in that case, the current cabinet can step down directly, and the people will throw all the rotten eggs on him, the Minister of Finance.
Raise the interest rate... If you raise the interest rate, it will put a huge pressure on the securities market and the national debt market. The current interest rate is far higher than the yield of national debt. Raising the interest rate again will only increase the selling of national debt, and even No one will buy treasury bonds.Public bonds are issued by the Ministry of Finance, and at that time, he, the chancellor of the exchequer, will be 100% blamed.
There has never been a moment when Lamont felt that his life was so bad. In the dark, he had a feeling that no matter what happened in the future, his political life would come to an end.
In his position, seek his work.
As the Chancellor of the Exchequer, what can Lamont do.
After hanging up the phone, he had no choice but to make another call to the prime minister's office.
"Pemberton believes that 70 billion pounds of foreign exchange is not enough to support the pound to return to the floating trajectory, which needs to prevent sellers in the market from obtaining more pounds."
"So what do you think?"
"..."
You suck up.
I won't say it all, this is what Pemberton meant.Facing Sister Mei's rhetorical question, Lamont really wanted to greet the women in Sister Mei's family.This is so obvious that he is throwing the lid of the pot, and he can't avoid it.
"I agree with Pemberton's suggestion. He may be right."
"So how far do you think it would be better for us to raise the interest rate?"
"I think it would be better if we could raise rates another two hundred basis points in one go."
"What's the reason?"
"Speculators sell sterling to make a profit, and if we raise interest rates to 17.00%, it will be enough to discourage them from borrowing money from the major banks. No one wants to lose money."
"..."
This time, Lamont's request to the prime minister was successful. After discussions with the prime minister's staff and cabinet members, the news of the huge interest rate increase was scheduled to be announced at two o'clock in the afternoon.
In theory, the British response was correct.
The price of sterling was hit because there was too much selling of sterling in the market. As long as interest rates were higher than the possible gains, speculators had to consider whether borrowing money to sell sterling could make a profit.
No one would dare to lose money in business.
But unfortunately, no one knows that behind this feast of gluttony, there is another hooker who is beyond the times, a bastard with a sniper rifle who has been eyeing the pound for a long time.
Canary Wharf, Capital One International CEO's office.
Shen Jiannan looked at the news from the secretary, and a strange look flashed in his eyes.
The Bank of England has raised interest rates again.
This result was beyond his expectation and within reason.
In the original trajectory, the Bank of England only raised the interest rate to 15.00% and chose to invest; but at this time, it is clear that the British feel that they can continue to sustain it.
Accidents brought by accidents are never unexpected at all.
All of this is also within reason.
The total amount of money in circulation in the treasury bond market is locked. Neither the Bank of England nor MI5 can detect how many pounds can be sold in the market. Other capital cannot borrow money from the Bank of England now. It is an idiot not to fight once.
"Shen. What should we do now?"
The sudden increase in interest rate made Qina Kanoski unable to concentrate anymore. She turned her head to look at Shen Jiannan, her jade-like eyes were full of apprehension and nervousness.
Things like money, to a certain extent, surpass the law and even power and force. With a position size of more than 400 billion US dollars, if there is a problem with such a large amount of funds, it will be hell waiting for them.
How to do?
It is impossible to say not to be nervous.
Borrowing so much money, if he loses money, those bankers will absolutely kill him at all costs.
law?
just forget it.
In the world of capital, money is law.
But I can't say how scared it is. Apart from Capital One, there are countless sellers waiting for the climax of this feast.
clap clap-
The dark clouds pressed down, and the violent storm finally fell from the sky amidst the thunder of the electric fan. The violent raindrops slapped on the windows, and played the most beautiful movement.
The torrential rain quickly gathered into a small stream, and the gurgling stream flowed slowly, moistening the entire earth.
Times create heroes, and heroes create times.
Now that the general trend is in hand, just like the brook where the rainstorm gathers, as long as it is guided, it is enough to gather the strongest force and tear away all obstacles.
Pushing Qina Kanowski down on the table, Shen Jiannan picked up her green five fingers and poked them on the keyboard one after another.
Snapped--
6
Snapped
6
clap clap-
6666
£666666666
Six hundred and sixty-six thousand six hundred and sixty-six thousand sixty-six thousand six hundred and sixty-six pounds.
A very smooth and auspicious number.
Snapped--
The Enter key was pressed in Qina Kanoski's hand, and a series of numbers within milliseconds instantly flowed into the quotation system of the spot market.
666666666 £ 2.72 sold
"Oh my God."
Qina Kanowski exclaimed in shock, and her heart twitched instantly. Thinking of the purchasing power represented by this large number, the huge impact was simply insane.
What concept?
If they were converted into cash and put together, so much money could be piled up to a height of two meters for one kilometer.
But it's not over.
She watched her fingers type a few numbers on the keyboard again and again, but the poking force was slow and heavy, and the feeling that time seemed to be stopped made her almost collapse.
666666666 £ 2.69 sold
It was sold at an overpriced price of 660 million.
The dense combination of numbers caused a bloody luster to flash on the computer screen.
No one can withstand the impact of this horror, the purchasing power it represents, just thinking about it is enough to make people's liver and gallbladder crack, and their legs go weak.
Qina Kanowski is just a normal person, how can she stand it, watching the pound drop by thousands of basic points in an instant under her hands, the adrenal glands are secreting rapidly and frantically, and the heart beats her like a drum in an instant With all the energy, the whole person collapsed onto the table like mud.
The futures market is a derivative of the spot market, but the pricing power of the forward contract determines the price of the spot market.The relationship of interdependence and influence logically determines that the two markets are highly connected to each other.
As two super sell orders appeared in the spot market, the upward trend of the GBP/DM futures market stagnated for an instant, and then plunged in a straight line at a more violent speed than the rise.
Pound to mark, 2.7175, sold 666
Pound to mark, 2.7075, sold 666
Pound to mark, 2.7075, buy 1
Pound to mark, 2.7075, buy flat 1
Market Trading Department.
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