At this time, in the conference room, all the ministers of the British Cabinet frowned, and a dead silence filled the air.

Germany's reluctance to help means that Britain will have to carry the pound crisis on its own, and with the previous tragic situation of the Finnish mark and the Italian lira, even the most confident people, such as Chancellor of the Exchequer Robin, will not think that Britain can easily carry this crisis and will inevitably pay some price.

After a few minutes of silence, Major clapped his hands and woke everyone up from his contemplation, and he pretended to be confident and said: "Gentlemen of the British Empire, the people and Her Majesty are watching us, we must come up with a suitable and feasible solution to this sterling crisis, to repel the peeps of the financial crocodiles on the pound, a solution that can be accomplished by our own independence in Britain!"

Speaking of this, Major suddenly raised his voice, "Now the British Empire can no longer count on anyone! We must solve this matter independently and self-reliantly, so that the glory of the British Empire for thousands of years will not be disgraced, and I believe that we can do it!"

Governor Norman nodded lightly along with Robin and the others, agreeing, and even had excitement in his eyes.

But in fact, Norman's heart is full of pessimism, with his knowledge of the pound, the group of imperial ministers in front of him, and the financial predators such as the quantum fund, the chances of them winning are probably very slim.

It must be clearly known that the reason for the crisis in the pound exchange rate this time is not to blame Soros and other financial predators, and it has nothing to do with whether Germany wants to help.

The real reason is that the British economy is declining, growth is unfavorable, and the pound exchange rate is inflated, so it gives Soros and other financial predators the opportunity to take advantage of the situation.

If the people, ordinary foreign exchange speculators, and retail investors, who account for 90% of the trading volume of the foreign exchange market, have confidence in the pound, then even ten quantum funds will not be able to pry the exchange rate of the pound, and will only hit the iron wall headlong and die extremely miserable!

As the governor of the Bank of England, he is well aware of how fragile the pound exchange rate is, otherwise he would not have rallied the G7 presidents the day before yesterday to put pressure on the Bundesbank.

Moreover, there is another very important reason, Prime Minister Major, the successor of Margaret Thatcher, is really far less talented and prestige than Margaret Thatcher, the Iron Lady.

If the prime minister is like this, the level of other cabinet ministers can be imagined.

There is such a big root problem in the pound, coupled with such a cabinet team, so he is really not optimistic that this all-night talk can discuss what is feasible and can really solve the problem.

Thinking of this, Norman couldn't help but feel in a trance, he felt as if he had gone back to forty years ago, when he first joined the Bank of England, and the pound was also greatly devalued, and it depreciated by as much as 40%!

It was also that great devaluation that made the dollar replace the British pound as the world's currency, and it continues to this day.

The result of the discussion between Major and others seems to have been somewhat unexpected by Norman, and Prime Minister Major actually approved the first batch of $3 billion, or at most $10 billion, of foreign exchange reserves to buy back the pound short in the foreign exchange market, so as to stabilize the pound exchange rate.

It also intends to raise the deposit rate in British banks by 1% early tomorrow morning to reduce the possibility of the loss of the pound, so that the majority of retail investors can keep their funds in British banks.

"Sir Norman, I hope you can make good use of the first three billion dollars of foreign exchange reserves, so that the pound will not lose so ugly before the official announcement of the increase in the interest rate on bank deposits at eight o'clock tomorrow morning, at least not to break through the exchange rate floor of 2.7780! This is a matter of the face of the British Empire!" Major said solemnly.

If Soros and others are allowed to beat the pound exchange rate to the bottom of the European exchange rate system before tomorrow morning, then even if the situation is saved later, the face of the British Empire will be almost lost, and it will be difficult for him to explain when he enters the palace tomorrow to meet the queen.

Norman nodded solemnly, patted his chest and assured: "I assure you, in the character of a gentleman, that the exchange rate of the pound will definitely not fall below 2.7780 before eight o'clock tomorrow morning." ”

"In addition to this, we will try to enlist the support of Germany, and tomorrow morning I will call Chancellor Kohl personally and hope that he will support the British. Major rubbed his brow and said a little tiredly.

"What if Germany is not willing to support it?" said the Foreign Minister suddenly, coldly.

He was already disgusted with dealing with those Germans whose brains were harder than stones, especially in the recent period, when he had been begging for help, and he felt that the glory of the British Empire was about to be trampled on by the Germans.

In addition, he has seen through the true face of that group of Germans, what bullshit is that Europe is one, once there is really something, he still takes care of himself, and he will take the lead in the big trouble and fly separately, and he will definitely not sacrifice his own interests.

Shameless!

And to be honest, he is a little disappointed in Major now, when has it been, and Major still pins his hopes on the Germans, hoping that the Germans can help.

"Then we can only think about whether the European exchange rate system should exist!" said Major categorically.

Hearing this, everyone looked at Major in surprise, they really didn't expect Major to make such a statement, you must know that the European exchange rate system is what Major has always admired.

Even in order to push Britain into the European exchange rate system, he even betrayed his old superior, the cultivator, Margaret Thatcher.

Had it not been for the intervention of Major and other ministers who supported joining the European exchange rate system, the British economy would not have had the same crisis as it had been two years ago, and Margaret Thatcher would not have stepped down.

Glancing around at everyone, Major said slowly: "The interests of the British Empire are above all else! If the European exchange rate system needs to sacrifice the interests of Britain, then it should not exist, at least not in Britain!"

Hearing this, everyone's eyes lit up, Mei Jie was able to make such a statement at this time, which was really surprising and gratifying, and the fighting spirit that everyone had little in their hearts instantly ignited a lot.

But at this time, Major had a wry smile in his heart, and he was naturally reluctant to change his opinions, or political opinions.

But the problem is that if the pound can hold its rate, then it will be fine, and if it can't, it will break the minimum floor of 2.7780.

Then he just wants to stay in the European exchange rate system, and the European exchange rate system will not keep him.

So, he had no choice.

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