Chapter 40: The World Is Enemy
London, IFC Financial Trading Centre.
A young man stares at a computer screen with extreme nervousness, excitement, and anticipation.
This time, he pressed all his net worth, and even borrowed two million pounds from the bank, only succeeding and not failing.
But can it fail?
That's absolutely impossible.
Thinking of the news from the House of Commons, a trace of smugness appeared on the young man's face, and his eyes were full of absolute confidence. A mere Italy, under the iron heel of the British Empire, would never have any ability to resist.
Suppressing the restless blood, he entered a few numbers on the keyboard, and as he picked up the mouse and clicked to confirm, a heart-exploding blood flow began to rush at high speed in his body.
Dear Italian girl, you wait for me, I will use your money to give you the greatest satisfaction!
Bell Bell Bell –
The screeching of the telephone rang in the office of the head of the market trading department of the Royal Bank of Scotland Group.
The ringtone was crisp and particularly annoying in an elegant setting, and Tom Redmeniton, who was playing a game with his secretary, was annoyed, but the damn ringtone made it impossible for him to stay focused.
Gently patting the secretary's proud plumpness, he answered the phone angrily.
"Tom. It's me. ”
A middle-aged man's voice came out of the earpiece, and Tom Redmayne's impatience dissipated most of it, because he immediately heard who it was.
"Your Excellency. Good afternoon, what do you have to say, Redmayne is always ready to help. ”
"Oh. That's right, I want you to help me open a short position on the lira. But you know, in my capacity, it may not be convenient. Is there a problem?"
For a moment, Tom Redmayne's pupils coalesced, and as the head of the bank's trading department, he couldn't understand what it meant.
This is an opportunity, a chance to make a fortune.
After only a fraction of a second of hesitation, Tom Redmayne showed the professionalism he deserved.
"Of course there is no problem. It is an honor to serve the Duke. But I don't know how big a position the Duke wants to build. ”
"Don't you ask me why I set up a short position in the lira?"
"When did the Duke let me build a lira short?
"Haha...... Tom, you're very nice, I like it very much. Wait until a sum of money arrives in your account, and you'll know when you look at it. ”
There was a pause.
"That's right. Don't say I didn't remind you, what that means. Dog soliciting. ”
“......”
The phone was hung up, Tom Redmayne's eyes flashed with extreme excitement, he didn't even think to push the secretary away, and in the secretary's dissatisfied expression, he got dressed and walked to the desk.
100000000??。
A whole ten million pounds.
Looking at the funds coming in the account, Tom Redmayne almost jumped with excitement. It is very clear what such a large sum of money means.
Switching the computer to the chart of the foreign exchange market, the foreign exchange trend that usually causes headaches looks like a peerless stunner, and the red and green K-line is simply more moving than the proudest position of women.
Get rich!
There is no secret in the world, unless the one who knows the secret becomes dead.
Well, that's how it is played in TV series.
London, Edinburgh, Cardiff, Belfast, Birmingham, and even Germany, France, the United States, ...... When the news spreads like a virus around the world, the people who should make the choice do.
850.3850 sells 66
......
850.6850 sell 66
.....
851.8585 sell 66
......
852.3 sell 666666666
......
Eni Group sells 10,000 at 209.35
......
Milan Investment Bank sells 90000 at 369.25
......
Banco BPM 980.18 sold for 100000
......
Salas Group sold 1000000 at 1089.28
MIB, 17325.78 fell by 7.8 percent
Money is human blood, and without money, it is like losing blood, and for the country, money is also the blood of the country.
The falling lira price caused the loss of the central bank's position to skyrocket from $1.2 billion to $1.9 billion, and the terrifying loss caused the spirit of Qian Pi's whole body to be drained in an instant, and only the chill spread from his heart to his limbs.
It dawned on him that he had overlooked something.
In the case of the past market, an increase in interest rates of fifteen percent would have been enough to keep capital in the country, and together with the two hundred and thirty billion marks borrowed from Germany, all short capital would have been completely repulsed.
But, that's in the past.
With the application of computer and Internet information, the total trading volume of the foreign exchange market has long been out of the understandable category, expanding countless times compared with earlier years, and can be traded instantly, which allows all the world's capital to sell lira infinitely when it catches a convergence trading point.
The foreign exchange market itself is not in Italy, and the central bank simply has no way of knowing where the position size of these transactions comes from, and the rules of the forward market mean that ...... Tens or even hundreds of times leverage.
Mark/Lira, September 853.3395
Mark/Lira October 851.3385
Mark/Lira November 849.5565
.......
MIB,17321.33
MIB,17298.14.
........
How so?
It shouldn't be like this!
Qian Pi was struck by lightning and stared blankly at the red screen on the LCD screen in the central area, if there was any other idea, it might be the only one left.
The average annualized profit of a well-run company can reach 15 percent, which is enough to squeeze into the list of outstanding enterprises in the world.
Interest rates in Italy have reached 15 percent, which is logically high enough to keep capital in the country.
Although Schlesinger's previous speech put heavy pressure on the lira, Germany's loan of 23 billion marks to Italy this time has proved from the side that Germany does not want to see the lira depreciated too much.
With high interest rates, a change of attitude in Germany, and more than 20 billion marks worth of terrorist funds, the lira should not be hit again, by any rate.
Previously, the central bank used only a tenth of the funds to easily pull up the price of the lira, which has shown that this killer tactic is effective.
Can ...... now And what?
Suddenly, the spread of different contracts and the plummeting price of the lira were like being bitten by an invisible poisonous snake, and the hairs on Qian Pi's whole body exploded instantly, and years of professional experience made him realize an extremely terrifying thing.
September 12 is the delivery date of September foreign exchange futures.
According to the transaction delivery rules, on the delivery date, the seller and the buyer must deliver at the closing price, which can be delivered at a discount or in cash. With the current position of the central bank in the market of 600 million pounds, that means...... If the lira price does not hold, the central bank will have to bear the loss with a 20-fold decline in the lira.
Damn the Zerg.
This is to stone Italy with money.
However, if the stock market collapses completely, it will soon lead to a complete collapse of the financial sector and the real estate sector, and then what will happen to Italy?
But if it fails to keep the exchange rate mechanism on the lower track, Italy will have to be forced to withdraw from the European common economy.
There had never been a moment when Ciampi was as anxious as he was now, and he never imagined that the market would move in the exact opposite direction to what he expected.
There was an extremely terrifying thought, and he didn't dare to think about it.
Under the tremendous pressure, Chanpi roared at everyone as if he had gone crazy.
"FUCK! What the fuck are you going to fuck off, don't be afraid of them, they've got money, we've got our Virgin here! Buy them all for me. ”
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