Boosted by Sir Norman, the traders of the Bank of England invested five billion dollars, and with the assistance of Germany, France and other European countries, not only raised the pound again, but also rose by another 50 basis points to 2.75, which is less than 300 basis points away from the limit of 2.7780.

And at this time, Sir Norman had completely let himself go, and he knew that the victory and defeat were in this short hour and a half, or even in these twenty or ten minutes.

If he can't withstand the offensive of those financial predators, the fall of the pound exchange rate is inevitable, let alone falling back to 2.65, it is not surprising that it will fall to 2.6, or even 2.5.

Therefore, during this time, he must invest a lot of ammunition to ensure that the pound exchange rate can continue to rise.

But thankfully, or fortunately, Prime Minister Major's stimulus policies and European efforts have worked, and it has been much easier for him to lift the pound.

In other words, the big picture is on his side, and the retail investors are on his side.

The $5 billion in foreign exchange reserves not only offset the effect of at least $7 or 8 billion spent on the opposite side, but also increased by an additional 50 basis points.

Based on his experience, as well as the speed at which the pound exchange rate rose in the previous few minutes, he deduced that the other party had spent at least seven or eight billion dollars to bring the pound exchange rate down to 300 basis points.

This also means that he is doing twice the result with half the effort, and the other party is doing twice the result with half the effort, so the difference between the two sides is bigger.

"With $500 million in foreign exchange reserves released every minute, I want to see the pound pound rising at a rate of more than ten basis points per minute! Let them see the determination and strength of the British Empire, which will definitely raise the pound above 2.7780 at about three o'clock in the afternoon!" Sir Norman commanded in high spirits.

Looking at the chart of the pound exchange rate, Zhu Changhong frowned slightly, and the situation was much more difficult than he imagined.

Obviously, the biggest variable in the foreign exchange market, and the biggest force - retail investors, have clearly believed that the current exchange rate of the pound is undervalued, or in a short period of time, with the help of the British stimulus and European countries, the pound exchange rate is undervalued.

"That's what's fascinating about the forex market, and now we're in exactly the same situation that the Bank of England was in before, with almost everyone in the world wanting a piece of the pie. Soros didn't seem to care about the disadvantages presented in front of him, he was not sad or happy, and said with a blank face.

The rise and fall of the foreign exchange market and the stock market is actually more of a psychological game than the feedback of real economic indicators.

For example, if everyone thinks that the pound will rise, and then they go long and buy the pound, then the pound will naturally rise.

And the foreign exchange market is a zero-sum game, some people make money, and naturally some people lose money.

Obviously, in the case of a multi-party victory, it is naturally them who pay for it.

It sounds scary.

It seems that as long as everyone has confidence in a certain currency or a certain stock, it can continue to rise and never fall.

But what is more important to know is that no matter the rise and fall of the foreign exchange market and the stock market, it is just a number, and if you really want to make a profit, you must know whether you will lose or make money in the end, and you must deliver and sell.

It is precisely because of this characteristic that at a certain point where confidence in it is lost, someone will sell, deliver, and settle down.

In the case of someone selling, both the currency and the stock will naturally fall, and then cause others to sell and flee one after another, like an avalanche, instantly annihilated and turned into a piece of hypocrisy.

After all, it is human nature to chase up and down.

"What are you going to do?" Zhu Changhong didn't pay attention to Soros's exclamation, but asked directly.

"Keep fighting, can't let the pound exchange rate rise, Carl continues to invest 500 million dollars, Huaxia Bank 300 million dollars, Goldman Sachs 200 million dollars......" Soros chuckled lightly and gave instructions in an orderly manner.

Just like on the other side, Sir Norman must continue to raise the pound exchange rate, and he must continue to beat the pound exchange rate!

In this way, he can win the hearts of those retail investors and let them follow his baton.

After receiving rapid feedback from all parties, Soros glanced at Zhu Changhong with a somewhat strange expression, and felt inexplicable in his heart.

Well, that's right, he suddenly likes Fang Chen's mode of liaison officer now.

Since Fang Chen had already sent someone to him, why couldn't he let the people below establish contact with other financial predators so that he could mobilize his strength.

Under this model, the funds mobilized in his hands are not only the more than $3 billion he had left before, but the nearly $40 billion combined by the nearly 20 or so financial predators.

It is equivalent to saying that the power that can be controlled in his hand has increased more than tenfold in an instant.

However, the most important thing is that there is no need to be suspicious, no speculation, no cautious temptation, and no need to worry about all kinds of misjudgments and unnecessary consequences.

All power must honor his will!

There was no doubt that this feeling was something he had never felt before!

He felt stronger than ever!

Of course, he also knew that such opportunities were almost impossible to come by.

If it weren't for the fact that everyone had invested too much money in the pound, and they couldn't bear the huge losses caused by the rise in the pound exchange rate, they couldn't get out at all, and they had to fight to the death.

At the very least, he didn't dare to hand over the funds in his hands to others to command.

But now there is no way, after all, you must know that not all hedge funds and investment banks only use five times leverage like him, let alone Fang Chen, a madman and a general neurosis, only use three times leverage.

Although it has been very careful, most hedge funds basically use a leverage of about eight to fifteen times.

High leverage means that they cannot afford the loss of the rise in the pound exchange rate, and for fifteen times leverage, a 6% increase in the pound exchange rate is enough for them to liquidate their positions.

In normal times, the pound exchange rate rose by 6%, that is, nearly 1,500 basis points, which is basically impossible, but today, the pound exchange rate fell by 3,000 basis points at the lowest, and fell by more than 800 basis points in an instant.

So, they have to fight!

Under Soros's powerful offensive, eight billion US dollars were smashed into the foreign exchange market in an instant, and I saw that the pound exchange rate, which was on the rise, was cut off in an instant and turned down.

And this drop directly dropped by almost 350 basis points, bringing the pound exchange rate back to 2.7150.

Sir Norman's brow furrowed, his teeth digging through the corners of his mouth, but he still didn't know it.

But within a few seconds, he opened his big mouth, which was already bloodshot, and without hesitation, said categorically: "Invest five billion dollars in foreign exchange reserves again!

Hearing this, the secretary couldn't help but gasp, another five billion dollars.

In this way, it is equivalent to saying that in just three minutes, Sir Norman has spent 10 billion dollars, one-sixth of the British Empire's remaining foreign exchange reserves.

It is definitely not an exaggeration to say that Sir Norman is the No. 1 loser in the sky.

And what he is worried about is that at such a speed of spending, the phone call from the Prime Minister's Office will definitely come.

Sure enough, just as his thoughts fell, the phone on the desk suddenly rang, and the secretary glanced at Sir Norman, gritted his teeth, and then picked up the phone.

It wasn't the voice of the Prime Minister's secretary, or the Chancellor, as he had hoped, but worse, it was Prime Minister Major who called.

The secretary could only signal Sir Norman to answer the phone.

At this time, Major felt not that his lungs had exploded, but that his heart was pounding, and he was about to jump out of his throat, and his face was pale, and he was covered in cold sweat.

He was already eager to hang Norman, a damn old fellow, on the gallows and hang him a hundred times!

He had already made it clear to Norman that foreign exchange reserves were a matter of national capital, so he could save some words, and the result was good, the previous more than $6 billion had just been spent, and now in just three or five minutes, $10 billion had been spent.

Isn't that going crazy!

Could it be that Norman really intended to spend all the foreign exchange reserves of the British Empire?

This result is absolutely unacceptable to him and cannot bear it.

But who knows, Sir Norman did not look back, his eyes continued to stare at the British pound foreign exchange chart, and said: "Is it a call to remove me from my position?"

The secretary paused for a moment, he never expected that such a sentence would pop out of Sir Norman's mouth, and he hurriedly said: "Mr. Prime Minister did not mean this, he just hoped that you would answer the phone immediately now, and explain to him why ten billion dollars were spent in such a short time." ”

"Then I don't take it! I don't have the energy to report and tear up with Mr. Prime Minister, and I don't want to convince him, if he thinks that I have done something wrong and not as he wants, then ask him to use the power of the Prime Minister to remove me! If not, then don't bother me, I am now busy saving the pound and saving England, and I have no time to deal with him. Sir Norman said unceremoniously without looking back.

Either remove or shut up!

He doesn't care what Major, a damn politician, thinks, happy or not, he only cares about one thing now, and that is to save the pound's exchange rate.

And if it weren't for the fact that Major had to join this damn European exchange rate system, would he be in such a difficult situation?

Will the British Empire and the British Pound suffer from this?

To put it mildly, he's wiping Meijie's ass!