London, United Kingdom.

Receiving the final result of the collapse of the lira and having to negotiate with the Germans, Norman Lamont's golden hair flew and he shouted with his fists and excitement written on his face.

As a result of the total collapse of the lira in the foreign exchange futures market and the spot market, the Italian government had to announce that the lira would depreciate and reduce its value by 3.5 percent, which means that another 10 currencies in the European monetary system would appreciate by 3.5 percent.

In this case, Germany has only one option, to cut interest rates.

Where is the love-killing relationship between Italy and Germany, the Deutsche Mark is the currency with the largest proportion of the ECU, and the Bundesbank has the same responsibility as Europe and the central bank, and finally made concessions under pressure from various countries and in order to maintain the European monetary system.

At the same time as Italy announced the depreciation of the lira, the Bundesbank officially announced that the discount rate would be reduced by half a percentage point, from 8.75% to 8.5%.

There is nothing more exciting than this, and the pressure on the pound has been coming from Germany's interest rate policy, and now the Bundesbank has cut interest rates by 0.5 percent, which is definitely a wonderful start.

You know, this is the first time that Germany has cut interest rates since the merger of the two Germanys.

Not only that, but Italy, as a member of the European Community, has a significant role for the lira in the ECU, and now, the depreciation of the lira means that the currencies of other countries are appreciating.

Of course, this also includes the pound sterling.

If the pound rises, the Deutsche Mark will also rise, and it will have no effect on the UK's position in the ECU, but now it is different, Germany has reduced the interest rate by 0.25 percent, which is bound to soften the value of the Deutsche Mark a little.

Could there be a more perfect ending?

No.

There could never be a more perfect ending, and with the Bundesbank lowering interest rates, the pressure on the pound to depreciate will naturally be much less, and it will also be able to strengthen the position of the pound in the ECU, which is simply perfect.

"Norman, you're so smart. ”

"No one knows what Germans are thinking better than I do, haha. ”

"Sure enough, no one knows more about economics than I do. ”

"Lamont was fantastic. ”

"Oh yes!"

“......”

It is entirely conceivable that the great, clever and wise Mr. Lamont had been courageous, calm and decisive in resolving the crisis in the face of a great crisis in the pound, and had benefited Britain more from it. Flailing his fists vigorously, he jumped left and shouted excitedly as Norman Lamont jumped left and shouted in the office, his long flowing blond hair matched his tall and burly body, he was simply too handsome.

It's a pity that this kind of pride can't be said everywhere, and the feeling of holding secrets and wisdom in your heart is too tormenting.

How can I celebrate my wisdom, greatness, wisdom and bravery?

Pregnant!

After thinking for a moment, Norman Lamont picked up the phone on his desk and dialed his assistant.

"Karina. You can arrange for me tonight's BBC Evening Escapade. I think I'm in good shape today, and it's perfect for singing. ”

"Sir. I'm looking for you and I have a very important matter for you to deal with. ”

"What's the matter?"

"I'll be in your office right away. ”

Five minutes later, Kalena Jolie walked briskly to Lamont's office with a file bag.

"Sir. In my opinion, these statements are very bad for us and may need to be dealt with by you in a timely manner. ”

The Sun

'A turning point for the UK economy'

Author: Shen Jiannan

With a picture, a handsome and handsome photo with his hands on his shoulders and full of anger.

"Today, the UK's problems are more about the economic downturn, with high interest rates making it difficult for the UK to choose between a looser monetary policy depreciation or an existing monetary policy. ”

"It's a very difficult trade-off. ”

“......”

“......”

"Judging by the trend of London securities, the downturn in the property market and the unemployment rate, I think and believe that an accommodative monetary policy to depreciate the pound is more suitable for the British economy right now. ”

"Accommodative monetary policy can breathe new life into the market, and a cheap pound sterling can also make trade exports move faster from the downturn to good expectations. ”

“......”

The Times

'Where does the pound go from here'

Author: Shen Jiannan

'Since Major took office, the UK economy has been in a downturn, property prices have been sluggish, unemployment has been rising, economic data has been slipping and falling, all of which prove that the pound is seriously overvalued. ’

But I don't think that's a bad thing. ’

'The appreciation and depreciation of the local currency have different logical relationships for economic development, and if the pound depreciates, it is bound to develop better for the export economy. ’

"From an economic point of view, the current industrial products in the UK tend to be an export-oriented economy, and the cheap pound can give export companies more room to operate. ”

“......”

After reading the newspaper that Julie handed over, Norman Lamont jumped out of anger.

As the biggest empty force in the major European currency markets at present, this bastard is clearly singing about the pound sterling, what bullshit economy, all special nonsense.

Shameless.

Didn't you just want to take advantage of the pound's sharp fall and take advantage of the opportunity to make a lot of money, and it also said that it was as if it was helping Britain find the right direction of development.

It's just outrageous.

“FUCK。 This damn Oriental, he's all fart. The great British Empire could not be compared with a chaotic country like Italy, and I will immediately call the journalists, and I will make our attitude public. ”

"And tonight's Proms?"

"I'll be on time. Arrange for me, a mere Oriental, and I will show him the wisdom of Mr. Lamont. ”

“......”

Half past four in the afternoon.

In the press conference hall of the Ministry of Finance, Lamont stepped on a tall and burly body, waving flowing blonde hair, and stepped onto the podium.

Click, click, click

A series of exposures illuminated the entire venue as if it were day, and also illuminated Lamont's flowing golden hair more and more brilliantly golden.

Without waiting for the reporter to ask a question, he raised his arm and clenched his fist fiercely, expressing a strong belief with his characteristic tension.

"No one knows the economy better than I do. The current monetary policy is very much in line with the economic environment in the UK, and those damn bastards are just trying to make a big profit on the fall of the pound. ”

"But I tell you, if you dare to do so, my fist will be thrust into your anus to make you realize the iron fist of the British Empire. ”

"Oh..... Sorry for the deletion of this paragraph, as a gentleman. I shouldn't have been so rude. ”

Finally, the reporters had a chance to ask questions.

"Your Excellency the Treasurer. What do you think about the rumours that the pound is about to depreciate?"

"I can tell you with certainty that the pound will definitely not depreciate. We have sufficient confidence and strength to stabilize the existing exchange rate mechanism. ”

"But on Friday night, the lira has already broken below the lower band of the float, what do you think will happen to the pound. ”

"Britain is the oldest country in Europe, with a strong economic base, and the Bank of England has tens of billions of pounds in foreign exchange reserves, which is not comparable to a rich country in chaos. ”

Mr. Shen Jiannan, a world-renowned economist, analyst and fund manager, believes that the UK now needs a looser monetary policy to stimulate inflation, and the depreciation of the pound is conducive to the current trade exports. In his opinion, the Bank of England may choose to depreciate the pound. What do you think about this. ”

"Mr. Treasurer. Other analysts also said that the main problem of the economy is the reversal of the trade balance, and if the pound depreciates, it may not be more in line with the interests of the United Kingdom than the existing exchange rate. ”

"Mr. Treasurer. Whether the central bank will choose to devalue the pound to stimulate exports, as the market expects. ”

How do you look at it, I see you are indifferent.

In an instant, Norman Lamont was enraged by the name Shen Jiannan.

"Shen, he's an Oriental, what kind of famous economist is he?

Oh, buy Karma. You bastards always want to make big news, don't you?

I've had an idea to go on a trip to space lately, would you like to come with me? I'd like to stuff you bastards into rockets and let you go out into the sky for a while, so I can be quiet. ”

"Your Excellency the Treasurer. The public has a right to know the government's attitude towards monetary policy. ”

"Our attitude is that the pound will definitely not depreciate. ”

With that, Norman Lamont looked at his watch, turned and left.

The reporters were dumbfounded, they didn't expect this Mr. Finance Minister to be so willful.

“.......”

"Your Excellency the Treasurer. Please wait. ”

“......”

vertex