Chapter 112: The Pound That Was Killed by Oolong Finger

The geographical location of the United Kingdom is surrounded by the sea, so the weather here in autumn always changes frequently, the morning is still sunny and shining, I don't know when it starts, the dark clouds have condensed in the sky of the city of London to cover the sun hanging in the sky, and the sky has become gray.

Heavy black clouds pressed on the head, and the black pressure froze in the sky, and the wind gave people a feeling of oppression, and anyone could feel that a storm was coming.

At least, for Robin Leigh Pemberton.

As the governor of the central bank, he is well aware of the decisive battle facing Britain today.

This is a battle of national fortunes.

If it wins, the safety of the pound will be guaranteed, and Great Britain will be able to stay in the European common economy to gain more benefits, and if it loses, it will be a terrible disaster, and in addition to facing incalculable losses, Great Britain will be nailed to the shame of history.

However, Pemberton was not sure of winning at all.

The constant sale of pounds in the spot market is like the seller's inexhaustible money, which gives Pemberton a very absurd feeling that the short international capital is the note-issuing bank of the pound, not the Bank of England.

Otherwise, those guys have been selling so many pounds from somewhere.

There are new highs on top of new highs, and new lows below new lows.

In the market price change, theoretically speaking, there is always only one maximum and low, and if you want to intercept the current decline in the pound, you must create a lowest, but whether you can intercept this lowest point, he is not sure at all.

Watching the downward movement of the pound raise a barb upwards under the last impetus of the funds, Robin Leigh Pemberton drew a cross on his chest full of hope, and silently began to pray the most devout prayer in his heart.

God forbid!

God bless Great Britain with good health!

God willing, Pound will avoid this crisis and send those damned demons to hell.

Probably, God forbid.

That's when Norman Lamont called, and it was good news.

"Robin. Just now Managing Director Michel Condesso agreed to our request, and the IMF is willing to lend us seven billion pounds......"

This is undoubtedly good news.

Money is human blood, and without money, a woman's legs will be weak, and money is the same blood for a country, and without money, the disease of the whole country will break out in a concentrated manner.

Although the difference between 7 billion pounds and the projected 10 billion pounds is 3 billion, for Britain at this time, such a large amount of money is simply a lifesaver. As long as the current price of the pound is made into an iron bottom with the new interest rate policy, the international capital that is eyeing it will retreat without a fight under the high interest rate.

Robin Leigh Pemberton clenched his fists fiercely, releasing the excitement and excitement in his heart, but he knew that money alone was not enough.

"Norman. I think you also know that we have to have higher interest rates to discourage sellers in the market from selling, otherwise they will keep borrowing and we're going to have to keep borrowing. ”

“......”

Pemberton's words gave Norman Lamont a headache.

If you want to stop more pounds from being sold in the market, you have to let the sellers in the market have no pounds to sell, but the banking institutions are open, and there is no reason why people should not be allowed to borrow money, unless there are foreign exchange controls that prohibit banks from lending money.

But in that case, the current cabinet can be stepped down directly, and the people will smash all the rotten eggs on him, the chancellor of the exchequer.

Raising interest rates...... If the interest rate is raised, it will be a huge pressure on the securities market and the treasury bond market, and the current interest rate is much higher than the yield of the treasury bond, and raising the interest rate again will only increase the sell-off of the treasury bond, and no one will even buy the treasury bond. The bonds are issued by the Ministry of Finance, and at that time, he, the chancellor of the exchequer, will be 100% pushed out to bear the blame.

There had never been a moment when Lamont felt that life was so bad, and in the dark, he had a feeling that his political life would come to an end, no matter what the outcome would be.

In his position, he seeks his own affairs.

As Chancellor of the Exchequer, what can Lamont do?

Hanging up, he had to make another call to the Prime Minister's Office.

Pemberton believes that £7 billion in foreign exchange is not enough to support the pound back into a floating trajectory, which would require sellers in the market not to get more pounds. ”

"So what do you think? ”

“......”

You're a sycophant.

I won't say it all, that's what Pemberton meant. Faced with Sister Mei's rhetorical question, Lamont wanted to greet Sister Mei's whole family. This is clearly throwing the lid of the pot, and he can't avoid it.

"I agree with Pemberton's suggestion. He may be right. ”

"So how far do you think it's better for us to raise interest rates?"

"I think it would be nice to raise the rate by another 200 basis points all at once. ”

"Why?"

"Speculators sell the pound to make a profit, and if we raise the interest rate to 17 percent, it will be enough to discourage them from borrowing money from the major banks. No one wants to make a losing deal. ”

“......”

This time, Lamont's request to the prime minister was successful, and after deliberations among the Prime Minister's Office and cabinet members, the announcement of the huge interest rate increase was scheduled for 2 p.m.

Theoretically, the British responded quite right.

The pound price has been hit because there is too much sell-off in the market, and as long as interest rates are higher than the possible gains, speculators have to consider whether they can make a profit by borrowing money to sell the pound.

No one would dare to lose money on a trade.

But alas, no one knows that behind this gluttonous feast, there is a hanger who is ahead of his time, a bastard with a sniper rifle who has been eyeing the pound early.

Canary Wharf, Office of the President, Capital One International.

Shen Jiannan looked at the news from the secretary, and a strange look crossed his eyes.

The Bank of England has raised interest rates again.

This result was both unexpected and reasonable.

In the original trajectory, the Bank of England only raised interest rates to 15 per cent and then chose to invest, but at this time, it is clear that the British feel that they can continue to hold on.

The accidents that come with accidents are always not accidents at all.

All of this is also reasonable.

The total amount of money in circulation in the government bond market is locked, and neither the Bank of England nor MI5 can detect how many pounds can be sold in the market, and other capital is now unable to borrow money from the Bank of England, and it is idiotic not to fight once.

"Shen. What do we do now?"

The sudden interest rate hike made Qina Kanovski unable to concentrate anymore, and turned her head to look at Shen Jiannan, her emerald crystal eyes were full of apprehension and nervousness.

Money is a thing that transcends the law and even power and force to a certain extent, and the position size is more than 40 billion US dollars.

What to do?

It's impossible to say not to be nervous.

Having borrowed so much money, if he loses, those bankers will absolutely stop at nothing to kill him.

Law?

Forget it.

In the world of capital, money is law.

But I can't say how scared I am, in addition to Capital One, there are countless sellers waiting for the climax of this feast.

Bang Bang Bang –

The dark clouds pressed down, the storm finally fell from the sky in the thunder of the electric fans, and the violent raindrops slapped on the windows, composing the most beautiful music.

The torrential rain soon converged into a stream, and the babbling water flowed slowly, wetting the whole land.

The times create heroes, and heroes create the times.

Now that the general trend is in hand, just like the stream where the torrential rain gathers, as long as it is guided, it is enough to gather the strongest force to tear apart all obstacles.

Pushing Na Kanovsky down on the table, Shen Jiannan picked up her green five fingers and poked them on the keyboard one at a time.

Smack-

6

syllable

6

Bang Bang Bang –

6666

666666666¥

66666660000000000000000000000000000000000000000000000

A very smooth and auspicious number.

Smack-

The Enter button was knocked out of her Na Kanovski's hand, and a series of numbers flowed into the quotation system of the spot market in milliseconds.

Sold 666666666 ÂŁ2.72

"Oh. Oh, my God. ”

Qina Kanovski exclaimed in fright, and her heart twitched instantly, and the huge impact of this large number was simply insane.

What is the concept?

If you put it together in cash, so much money can be piled up to two meters high and lined up for a kilometer.

But it didn't end there.

She watched as her fingers typed out a few numbers on the keyboard again and again, but the poking was slow and heavy, and the feeling of time being stopped made her almost collapse.

666666666 ÂŁ2.69 to sell

Another 666.66 million over-priced sale.

The dense combination of numbers creates a blood-colored glow on the computer screen.

No one can withstand this terrifying shock, and the purchasing power it represents is enough to tear your heart and your legs weak just thinking about it.

Qina Kanovski is just a normal person, how can she stand it, watching the pound fall by thousands of basis points directly under her hands, the adrenal glands are secreting wildly, and her heart is like a drum that instantly drains all her energy, and the whole person is like a whole mud and collapsed on the table.

The futures market is a derivative of the spot market, but the pricing power of the forward contract determines the price in the spot market. The relationship of interdependence and influence logically determines that the two markets are highly connected with each other.

With the appearance of two super sell orders in the spot market, the upward trend of the GBP-Mark futures market instantly stalled, and then plunged at a faster speed than the rise.

Pound sterling to mark, 2.7175, sell 666

Pound sterling to mark, 2.7075, sell 666

GBP to Mark, 2.7075, Buy 1

Pound sterling to mark, 2.7075, buy flat 1

Market Trading Department.

William's eyes were already red, but there was no wave in his heart. Unconsciously, he had achieved the calmness he had been asking for, and his spiritual energy was all condensed in the plate, and he was no longer affected by external objects.

William transformed.

A great metamorphosis of the mind.

At this time, he forgot the fear of money and wealth, and forgot that all he had in his hands was one sum after another of funds that could buy anything.

He forgot that he was attacking the pound now, and that terrible pressure that wealth brings.

Blow up the Bank of England.

Otherwise, go to the street and sit naked until you just close it and rub it out of the water.

Thinking of that sentence-wrenching punishment, William had only one goal in mind.

Blow up the pound and rip off the Bank of England's underwear.

Complete the tasks given by the boss.

Otherwise, with the boss's shamelessness and ruthlessness, he would definitely really let him go to the street to rub the steel pipe.

Pound sterling to mark, 2.7075

Seeing that the pound reached the integer support level of 2.7 and the downward trend was setback, William bit his lip like a wolf.

"Little four. Overpriced Lao Tzu swept away all the selling orders below. ”

Without any hesitation, Li Sishan threw a keyboard, and Ma Li knocked out a set of numbers in his hand.

2.8985, sell 6666

Smack-

As Li Sishan clicked the mouse, a set of information instantly popped up on the computer screen.

Pound sterling to mark, 2.6985, sell 6666

It's so sudden.

The position of 2.70 is like a defensive position on the battlefield, representing not only the physical defense of both sides, but also the psychological defense of both sides.

But now, when the pound is facing the key position of 2.7, the futures market has unreasonably smashed a supersell order in history.

Six thousand six hundred and sixty-six hands.

A total of 6,666 contracts.

The selling transaction of futures is a standardized contract for the exchange of pounds for marks, which means that in this millisecond, someone has smashed tens of millions of pounds at dozens of times the futures price.

If delivered, it would be hundreds of millions of pounds.

Moreover, it is still sold at an overprice.

Pound sterling to mark, 2.6975, buy flat 1

Pound sterling to mark, 2.6955, buy flat 2

......

Pound sterling to mark, 2.6975, buy flat 1

The pound was exchanged for the mark, 2.6875, and the draw was 1

.......

Pound to mark, 2.6775, sell 2

......

In an instant, the price of the pound was like a torn defensive position, and countless stop-loss orders sprung up. Countless forced stop-losses, forced stop-losses, bombarded hundreds of basis points against the pound to the mark.

The dense closing and selling of positions reflected the Reuters screen in a blood-red color.

Red!

It's a trembling redness.

It's a baring red color.

Watching the pound fall like a waterfall, Pemberton no longer had the ease of hearing the support of seven billion pounds, and his bared teeth and eyes almost fell to the ground.

Five minutes.

In just five minutes, the Bank of England invested $3 billion, and instead of pulling the pound up, it fell directly below 2.7.

How is this possible!

"Damn it. Pull it back, pull it back right away. ”

“......”

Pemberton roared like madness, and if seven billion pounds combined with interest rate hikes could not stop the crisis, then ......

My God!

2.6 Sell 66666

Suddenly, another super-sell in the market fell.

This smash broke Pemberton's thinking, smashed his mind, and stunned his whole person.

66,666 contracts

In the past, the trading volume of the pound to the mark forward contract was only 200,000 transactions a day. But in this millisecond, 66,000 contracts were blasted out.

Destroying.

With these 66,666 oversold contracts, the price of the pound was bombarded from 2.6775 to 2.6.

In milliseconds, it fell by more than two percent.

The sterling defense line was lost.

It's like a piece of thin paper.

After a series of 1.3 billion pounds sold, the 66,666 contracts were sold, and the last line of defense of the Bank of England was completely destroyed.

The effect of the dam is that the surging river can no longer be stopped.

It fell by more than 2 percent in a millisecond, and I don't know how many long speculators touched the liquidation risk control line.

2.5975 buy flat 1

2.5875 buy flat 2

2.5875 buy flat 1

2.5835 buy flat 1

......

Capital One Trading Room.

William looked at the pound that had plummeted like a wild horse, and the expression on his face became extremely exciting.

"Ah Four. What the fuck are you fucking doing. ”

was scolded by William, Li Sishan's face was more bitter than a bitter melon.

"Boss, I'm ...... I pressed the wrong one!"

“......”

Accidentally.

Yes, it was an accident.

As a Chinese, I can now sell the British for money with my own hands, and the excitement can be imagined.

And then...... There is no then.

Seeing that the pound had fallen by more than a percent for the first time when he sold 6,666 contracts, Li Sishan's heart beat like a motor.

By the time William asked him to consolidate the results and push the bids down, his hand was uncontrollably hit an extra six.

2.5835 buy flat 1

2.5835 sold flat 1

2.5835 buy flat 1

2.5835 sold flat 1

When the war and the temporary truce rested to carry the corpses, with the overflow of forced liquidation orders in the market, the pound seemed to be completely stunned and fell into an almost static state.

Standing outside the Treasury office, Lamont looked at the Reuters screen, which was moving in a straight line, and Lamont felt like a surgeon looking at a heart monitor, realizing that his patient had died, and all that was left to do was unplug it.