Chapter 894: This is too much of a slap in the face
Sir Norman looked at the chart of the pound exchange rate in front of him, and his face was completely gray.
The pound exchange rate of 2.7320 was like a slap in the face to him, and all his pride and hope were instantly dissipated.
The whole face was hot and painful, and the whole body was weak and weak.
Sir Norman's figure flickered, and he subconsciously fell backwards.
Seeing this, the secretary hurriedly helped Sir Norman, so as to prevent the person in charge of the central bank of the British Empire from making a big mess.
Seeing this scene, everyone's faces became extremely ugly, as if Sir Norman had fallen, and the pillar in their hearts had also collapsed.
The scene was dead silent, and even the chirping of crickets outside the window could be heard clearly.
After a long time, someone finally couldn't help but say, "Sir Norman, what should we do now?"
Hearing this, everyone's eyes lit up, and they all looked at Sir Norman eagerly, at this moment, Sir Norman can't fall yet!
Now, at this moment when the pound is stormy, flickering, and threaten to fall into the abyss at any moment, not only they need it, but the British Empire needs it, and all the people of the British Empire also need Sir Norman to step up and turn the tide.
If this veteran, who has worked in the Bank of England for more than 40 years, has seen the pound depreciate by 40%, slip from the position of the world's currency, and be replaced by the dollar, they will probably be even more helpless.
"Now, don't move yet, you can only ask Prime Minister Major first. ”
Sir Norman brawled his secretary's arm and staggered to his feet.
The situation in front of him was something he didn't expect at all.
It's so miserable!
It was much worse than the worst ending he expected!
In just one or two minutes, he lowered the exchange rate of more than 200 basis points to more than 800 points.
He can say with certainty that the other side has used at least $20 billion or more, otherwise it would not have been possible to achieve such a result.
How many pounds are in the hands of the other party?
Eight billion dollars?
Nine billion dollars?
Or even 100 billion dollars?
After all, according to his calculations, from last night to now, the other party should have played nearly $30 billion, and now he can smash in more than $20 billion without hesitation.
Can't he think that the other party will just put all the chips on the table at this moment?
Shouldn't this be something that only people like him will do?
Immediately afterwards, a bitter smile appeared on the corner of Sir Norman's mouth, he only received a small amount of capital of 20 billion dollars and a 2% increase in bank interest rates, but he had to face at least 80 billion dollars in funds, the British economy was sluggish, and the pound exchange rate was inflated.
He really thinks it's so hard for him!
And you can only hand over the problem.
Anyway, he is completely helpless in the face of the situation in front of him, after all, he has not yet played out these foreign exchange reserves, less than six billion US dollars, even if all of them are invested now, it will not be able to raise the exchange rate of the pound above 2.7780.
Furthermore, he has a responsibility to tell Prime Minister Major what is going on.
In addition, now the pound has fallen below 2.7780 and has reached the point where it is necessary to face the problem of leaving the European exchange rate system.
Calling 10 Downing Street, Sir Norman quickly informed Prime Minister Major of the situation he was facing, and of all the changes that had taken place.
Hearing that the pound exchange rate had broken below 2.7780, and even reached 2.7320, Prime Minister Major instantly felt his blood pressure rise sharply and his head was dizzy.
The thought of launching the European exchange rate system, which he has always supported and promoted, gives him a feeling of madness.
After a long time, Prime Minister Major was heard shouting: "Inform the Chancellor of the Exchequer, the Secretary of State for Foreign Affairs, and all the members of the Cabinet to put aside everything they are doing to come to the meeting, and now the problem of the pound has reached the point where it must be resolved immediately." ”
After saying this, Prime Minister Major hung up the phone in his hand and walked towards the conference room, not caring about Sir Norman at all, still on the other end of the phone.
He was so disillusioned with Sir Norman that he had spent more than $10 billion in the British Empire's foreign exchange reserves to bring the pound to 2.7320 basis points.
And it was just a few minutes after he announced in public that he would boost the pound exchange rate and raise the exchange rate on bank deposits.
He remembered now that he had just said in front of the media, and even the whole world: "The pound will never be defeated so easily! The British Empire will never be defeated so easily! The pound has no basis for falling, and everything that everyone sees now is only the result of manipulation!" and so on.
It was like a slap after a slap in the face.
He could even imagine how people all over the world would laugh at him when they knew what was going on with the pound.
He did not remove Sir Norman from the post of Governor of the Bank of England now, but he had already remembered the hard work of Sir Norman before.
Of course, the most important thing is that he still needs Sir Norman, and whatever he is going to do next, he needs Sir Norman to do it.
Listening to the busy tone on the phone, Sir Norman's face turned pale, and he really felt like he had been ruthlessly abandoned at this time.
But then, a wave of anger burned in his heart!
fuck!
The reason why he was so hard was because he was wiping Major's ass.
If it weren't for Major's incompetence, Britain's economic development would not have become more and more unbearable or even declining during the two years he was in power!
If Major hadn't questioned the need to push the pound to join the European exchange rate system, nail the Deutschmark, and not float the exchange rate at will, he would have suggested lowering the exchange rate of the pound long ago.
Although the depreciation of the pound exchange rate will cause the overall decline of national wealth and the rise in the price of imported materials, the depreciation of the same exchange rate will also increase the export competitiveness of British goods, which will greatly promote the economic development of the United Kingdom, and the benefits outweigh the disadvantages.
It is precisely because of the various evil consequences caused by Major that the pound is now in trouble with being targeted by financial predators.
Otherwise, as the original empire on which the sun never sets, the global hegemon, the British Empire would not have dared to make up its mind with some petty thieves.
The result is good, Major dared to hang up his phone so quietly and throw him face.
It really doesn't make sense.
Now, he really wants to get rid of it completely, and whoever likes to clean up this mess will clean it up.
But after standing there for a long time, Sir Norman finally sighed and walked towards the trading room, how could he leave it alone and completely ignore the exchange rate of the pound.
He can't do it!
It really can't be done!
Moreover, he kept secretly praying in his heart at this time, hoping that Major and the cabinet ministers could really discuss a reliable way to save the pound exchange rate.
This is the last chance for the pound exchange rate!
At the gate of No. 10 Downing Street, the media reporters who had not really dispersed suddenly saw that several cabinet ministers who had just left had returned, and they all looked solemn, as if something big had happened.
Then the Home Secretary, the Duke of Lancaster, the Lord Chancellor and the Minister of Justice, the Secretary of State for Business, Energy and Industrial Strategy, the Secretary of State for International Trade and the Chairman of the Board of Trade, and the Minister of Foreign Affairs all came to the door of 10 Downing Street, with the same expressions as the Chancellor of the Exchequer and the Secretary of State for Foreign Affairs.
Fortunately, all the media reporters stopped packing up their machines, pointed their cameras and so on at the gate of 10 Downing Street again, and called friends to call back the colleagues who had just left.
Now it's not as if something big is happening, but something big is happening!
Now they would not be surprised if they were told that World War III had begun.
It didn't take long for the news that the pound exchange rate fell below 2.7780 and even fell to 2.7320, and many media reporters suddenly realized.
It turned out that there was such a big problem with the exchange rate of the pound sterling, no wonder these cabinet ministers would be such faces.
However, this is too much of a slap in the face.
If you really calculate this, I am afraid that it will not be even fifteen minutes before Prime Minister John Major came forward to announce the increase in the exchange rate of British bank deposits.
They could even imagine Prime Minister Major's thunderous appearance.
At this time, not only in the United Kingdom, but almost all the people who care about finance and politics are looking at the gate of 10 Downing Street.
They know very well that when this door is really opened, it will be the moment when the fate of the pound will be decided.
As for Germany, France, the Netherlands, Belgium, Luxembourg, Denmark and Ireland, and other European countries, members of the European exchange rate system, have called the United Kingdom, expressing concern about the pound exchange rate and willing to make some support.
If the pound really withdraws from the European exchange rate system, like the Finnish mark and the Italian lira, it will basically be a declaration that half of the European exchange rate system is about to collapse.
After all, although the German economy is strong, in terms of the share of currency use in the international market, the pound is still much higher than the Deutsche mark, after all, the pound is the former world currency, and now the world's second largest currency.
And a considerable number of more cautious foreign exchange speculators are also eyeing No. 10 Downing Street and have not joined the slaughter of the pound for a long time.
After all, they still have doubts that Britain should not fall so quickly, in case there is any hope of fighting back, not to mention that the countries of the European exchange rate system have already acted.
At this time, upstairs of the Quantum Fund, Zhu Changhong listened to his subordinates' report on the latest actions of the British government, and then looked at the pound exchange rate chart in front of him, and couldn't help but twitch the corners of his mouth, full of sneers.
"The praying mantis blocks the car, the mayfly shakes the tree, it's ridiculous. Zhu Changhong sighed faintly.
"You just don't like the British at all?" the subordinate couldn't help but ask.
"It's not good, it's not good. Zhu Changhong pointed to the exchange rate chart, which was almost free to fall at 50 basis points in ten minutes.
He hasn't done anything about the pound exchange rate now, and he also believes that Quantum Fund and Goldman Sachs haven't done anything about the pound either.
In other words, the result of such a sharp fall in the pound is completely spontaneous of retail investors.
After all, beating the water dogs is what the majority of retail investors like and are best at.
Before, the more than ten hours of waiting had already made them unbearable, and now seeing that the pound finally fell below 2.7780 basis points, they naturally killed it one after another.
Seeing that his subordinates were still a little uncertain, Zhu Changhong turned his chair and said casually: "The art of war has clouds, one drum, then decline, three and exhaustion, as the saying goes, again and again, and then two, not again and again, the first two axes of the British have been exhausted, if the third axe is not good again, it will really be dead." ”
"But the question is, with us people here, how can the British's third axe be good?" a cruel smile flashed at the corner of Zhu Changhong's mouth.
He believes that other institutions such as the Quantum Fund are not selling the pound exchange rate now, and they must have the same idea as him.
is to keep the funds, waiting to give the British government a stick again, and completely smash it to death, smash it to death, and smash it convincingly!
"Okay, don't think about this, you now pay attention to the flow of funds, although the German stock market is rising sharply now, you can make money with your eyes closed, but for the sake of Mr. Fang, for everyone's purse, I hope everyone's yield can still be higher, after all, a large part of this profit, but it refers to the German stock market. Zhu Changhong instructed again.
All the money he obtained from selling short pounds was invested in the German stock market.
And the situation is just as he imagined, with the rapid fall of the pound exchange rate, a large number of pound funds fled in order to avoid losses, and the German stock market was used as a safe haven pool.
A large amount of money poured into the German stock market, and the German stock market naturally rose sharply, and now it can be said that almost all the lines are green, and if you buy it with your eyes closed, you will not lose money.
But no one is afraid of burning more money.
According to his estimates, they will need to make at least nearly $200 million from the German stock market to complete their previous plan of earning $700 million.
And he is more or less selfish in his heart, wanting to earn more, if he can earn more than 800 million US dollars, plus the more than 300 million earned by the Finnish mark and lira before, then he will help Fang total earn a total of 1.2 billion US dollars this time, which is 200 million higher than the billion-dollar standard set by Fang Zong.
In addition to wanting to make more money for Mr. Fang, he just wanted to prove himself.
It's his, a little bit of care.
Time passed bit by bit, from more than seven o'clock in the morning, until the London foreign exchange market opened at ten o'clock, and even closed again at twelve o'clock, the door of 10 Downing Street was closed, and there was no intention of opening at all.
It can be seen how much dispute there is between these important ministers of the empire.
It wasn't until 1:50 p.m. that the gates of Downing Street suddenly opened.
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