Reborn Financial Overlord

Can't you see that Schlesinger wants me to die?

"I'd like to do the same, but you know I don't have the right to end the continuous, world-leading foreign exchange market in Great Britain."

"Okay. You take care of yourself! Everything will be fine."

"Thank you!"

"..."

Will everything be alright?

After hanging up the phone, Lamont looked at the gradually setting sun outside the window, feeling a little desolate suddenly.

Canary Wharf, Capital One Investment Management.

Shen Jiannan looked at the news that popped up on the screen of Reuters, and his dark eyes showed a strong playfulness.

In his original plan, he hoped to take advantage of this opportunity to make a fortune, and then trick the Wall Street guys.But looking at it now, it is no longer realistic to try to cheat the guys on Wall Street. The British went crazy and raised the interest rate to 20.00%, and called on the public to buy sterling. The guys on Wall Street can take the opportunity to sell their positions.

However, this has brought a new variable to the market.

The expected interest rate was as high as [-] basis points, but there was no reaction in the pound market. It can only show that there is a lack of buyers in the market, and it also shows that the Bank of England is about to run out of foreign exchange.

Otherwise, with the operation of the British in the financial market, they will definitely take the opportunity to make a last-ditch attempt to pull up the price of the pound.

But now, the Bank of England has chosen passive defense.

Picking up the intercom phone on the table, Shen Jiannan quickly dialed it.

"William, how many positions do we currently hold?"

"London, 13 contracts, New York and Chicago [-]."

"Continue to increase positions, I guess, the Bank of England has no money in hand."

"..."

After hanging up the phone, Shen Jiannan stopped Yulia Sidorov's waist like a wolf with a big tail.

Yulia Sidorov was almost frightened to death. She still hasn't recovered from the crazy mental shock.

"Shen. Wait, you will let me die."

"Baby. Did you just say that German and Kamandy still have 90 billion pounds?"

babble?

no......

"Yes, what's the problem?"

"Now, it's time to sell all the pounds."

"......"

Pound to mark, 2.5835, -29.58%.

Robin Leigh Pemberton, from the Market and Trading Department of the Bank of England, looked at the exchange rate of British pounds on the screen, and his whole body seemed to be exhausted.

Expected to raise interest rates by [-]%, but the market did not respond much, which only shows that the pound has not fallen to the market's expectations.

This is a very bad phenomenon.

Now that the central bank has only the last one billion funds left, it dare not interfere with the market at all, but without the central bank buying, where will the pound sink?

Pemberton had no idea at all, he only hoped that the final result would not be too bad.

Suddenly, a large series of transaction data suddenly appeared on the almost static disk, and the dense transaction data was like a stick that stirred the surface of the lake, causing the straight-line trend chart to bleed instantly.

2.5825 sold 6

2.5815 sold 6

2.5805 sold 6

......

2.5725 sold 66

......

2.4675 sold 66

......

Almost at the same time, a large number of selling orders emerged from the spot quotation system.

66666666 £ sold 2.4

66666666 £ sold 2.3

.......

Fast, too fast.

As soon as Pemberton was still standing on the spot, he sold a total of 660 million pounds in ten lots, and the price of the pound was bombarded to 2.3 by a series of sales.

An unprecedented despair emerged from Pemberton's heart, with a sense of sourness and inexplicable tingling, as well as a deep sense of powerlessness.

The central bank only has the last one billion funds, and such a large sell-off can no longer be accepted.

damn it!

How many people are selling pounds?

Why, are they quoting so fast?

No one could answer Pemberton's questions, only the sterling chart pouring down like a waterfall seemed to silently laugh at his ignorance.

Four p.m.

The skies are getting darker and the UK is in the midst of a sterling crisis, being forced out of the currency exchange rate mechanism.Facing the irretrievable decline of the pound, Sister Mei and Lamont had to admit defeat in frustration.

Officials of the Bank of England who participated in the meeting invited by the central banks of other European countries revealed that the British pound will suspend its connection with the European exchange rate system.

Five p.m.

Major convened a meeting of cabinet members, and finally everyone agreed that Britain would withdraw from the European exchange rate system, and Italy would also withdraw. The British and Italian currencies would float freely, and the central banks of the two countries would not have to buy their respective currencies in the market to maintain their status.

TV crews and journalists gathered outside the Treasury to await the announcement of the decision.

Seven o'clock in the evening.

Lamont held a press conference in the central courtyard of the Ministry of Finance, and appeared in front of many media cameras and cameras with a dejected expression. He looked like an abandoned woman or a prisoner on the execution ground.

He put his hands behind his back and forced a smile, but the smile on his face didn't last even a second before it disappeared.

Although he had long expected that this shameful moment would be announced by him, it was only when it happened that he believed that those politicians were as shameless as he imagined.

"today......"

"It was an extremely difficult and chaotic day, with a series of financial events taking place that rendered the Exchange Rate Mechanism useless... At the same time, the Government felt that the UK's best interests could only be served by suspending membership of the Exchange Rate Mechanism... ..."

"......"

Chapter 1 Nineteen: Total breakdown from spirit to body

Facing television cameras from around the world, Lamont called a news conference in the central courtyard of the Treasury to announce Britain's withdrawal from the exchange rate mechanism.

The market won, the speculators won, and the government finally realized it.

Everyone also realizes that England's defense of the pound has failed, with the Bank of England raising interest rates at rates never seen before, and throwing at least $270 billion into the effort, but the pound has been crushed anyway.

It was a moment of humiliation and a moment of despair.

At least for those who were long sterling or firmly believed that the pound would not depreciate, the moment was almost crushing.

"How could this be?"

"Didn't you say that the British pound will definitely not withdraw from the exchange rate mechanism?"

"..."

In the small town of Swindon, a middle-aged man about 50 years old watched Lamont's speech on TV, talking to himself as if he lost his soul.

The middle-aged man is called Banai, and he is a senior fitter in a factory in the town. He was born in Swindon, lived in Swindon, grew up here, married and had children here, and spent a full fifty years.

Although he only has a secondary school education, he loves Swindon and this country.

Therefore, he took out all his savings in one day and established a long position in the futures market for the British pound.

Doing more is patriotic, isn't it?

This is a war of financial invasion.

Great Britain is being plundered by international speculators. As a British, why not take up arms to resist plunder and destruction!

What's more, the Chancellor of the Exchequer also said that the government will never allow the pound to withdraw from the European Exchange Rate Mechanism, the plight of the pound is only temporary, and the pound will never depreciate.

But now, what is it?

bell bell -

The piercing phone rang unexpectedly in the living room, and Banai unconsciously walked to the phone and picked it up.

"Hello, is this Mr. Banai?"

"it's me."

Hearing Banai's answer, Sean Wood on the other end of the phone heaved a sigh of relief. Before that, he had made three calls, but all three were in a state of no answer.

The exchange rate of the British pound against the Mark plummeted by more than 40.00% in one day. Such a horrible drop has never been seen in the history of the British pound.As a professional risk controller in the futures market department of NatWest Bank, he knows exactly what this might mean.

Fortunately, this Mr. Banai is fine.

Heaving a sigh of relief, Sean Wood continued speaking in a calm tone as much as possible.

"Hello, Mr. Barney, I am Sean Wood, risk controller of the foreign exchange futures asset management department of National Westminster Bank, because you have a short position in the futures position of the British pound against the Mark, and the available funds are negative [-] Thousands of pounds, according to the investment agreement you signed, you need to make up the owed deposit within three trading days."

Security deposit owed?

The confused Banai was instantly angered by Sean Wood's words.

"Damn it, how could I owe money? What are you risk control guys doing? I read the agreement. If the loss reaches 70.00%, you will force liquidation. How can I owe you money?"

"I'm sorry, Mr. Barney. I understand how you feel, but we can't blame us. This is a market that has never been seen before, so...you are really out of position. The delivery order will be in It will be delivered to your address tomorrow, but before that, according to relevant laws and regulations, you need to make up the security deposit owed, if you don't do this, we have the right to freeze all the property under your name."

Sean Wood was telling the truth.

In the afternoon, a super sell order of 66666 suddenly appeared in the market, which directly dropped the exchange rate of British pound to Mark by thousands of basis points. With such a terrifying range, the risk control mechanism suddenly became a decoration. In an instant, countless clients under his name lost their positions because of this.

God can learn from it, it really can't blame their bank.

But for Banai, this is another matter. Losing all his belongings and incurring huge debts is unacceptable to anyone else.

"Damn it. You despicable bandits, you bloody liars, I'm going to sue you."

"Banai..."

boom!

The phone was hung up.

Sean Wood looked at the phone in his hand and shrugged his shoulders helplessly. As a financial practitioner, he has long been used to being scolded. It doesn't matter anyway, if Banai can calm down.

face?

That is something that only children care about. If you want to save face, there is no need to choose the financial industry.

Pressing down the phone, Wood raised his head and looked at the Reuters screen not far away.

Pound to Mark.

2.3035.

A meaningless number.

But Wood couldn't help showing a smile on his face. A week ago, he accidentally heard a news from his colleagues, and established a sell position of 12 pounds. Now, the profit has risen by [-]%.

It was simply wonderful.

"Sean. Do you want to go out for a drink later?"

A colleague not far away cleared the table and asked.