"Ridiculous, stupid, what the UK needs now is a looser monetary policy and not another rate hike. ”

"I said a long time ago that if the safety of the pound cannot be guaranteed, it is better to leave the European Community for the United Kingdom now. ”

"The market has proven that staying in the ECU was a bad decision, but they are selectively blind and wrong. ”

Now, there is no point in continuing to buy the pound except to provide liquidity to international speculators led by Shen Jiannan. ”

“......”

In the interview hall of the Daily Economic News, Pound Brooke was interviewed by reporters in front of the camera, and he was like an angry cowboy slamming the cabinet's decision on monetary policy.

From his initial vision of the possible outcome of the pound to the needs of the British economy, the regulations clearly point out the mistakes of the Treasury and the Cabinet in dealing with the pound this time. Brooke believes that it makes no sense for Britain to remain in the European Community now, the downturn in the stock market and the economy is very much in need of a looser monetary policy, and forcibly maintaining the price of the pound is a complete waste of taxpayers' hard-earned money.

While Pound Brooke was being interviewed, Norman Lamont was also surrounded by a group of reporters at the entrance of the Treasury Building.

"Your Excellency Lamont, the pound has fallen by 29.5 percent, and the Cabinet has no intention of considering withdrawing from the European Community. ”

"Mr. Lamont, the pound has fallen sharply, and what countermeasures is the government prepared to use to safeguard the wealth of taxpayers. ”

"Mr. Lamont, is the government considering abandoning the pound sterling? ”

“......”

“......”

The rambling questioning almost bulged the veins in Norman Lamont's head, and if he could, he really wanted to say, how the hell do I know.

But in the face of the constant flashbangs, he can only choose to hide all the facts.

"I can't answer other questions, but the pound will never depreciate. Tomorrow we will talk about another 3% increase in the interest rate to ensure the safety of the pound. ”

"Interest rates of up to 20 percent are unprecedented, has the government considered the long-term damage to the economy......"

"Mr. Lamont, there is information that the proposed increase in the interest rate is a recommendation from the Treasury ......"

"Is the government considering that high interest rates will cause more trauma to the securities market and the real economy......"

“......”

The muscles in the corners of Lamont's eyes twitched under the barrage of forced questioning, and he bet that someone must have deliberately revealed the information to reporters.

Damn it!

Advice from the Ministry of Finance!

"No comment, but I'm pretty sure that the pound will definitely not depreciate. ”

"Mr. Lamont, people have the right to know the truth. ”

"You have the responsibility and obligation to disclose what the government will do......

“......”

There's your hemp skin!

In an instant, Lamont's anger was ignited, and he angrily pushed away the reporters who surrounded him, and walked into the Treasury building without looking back.

Under the obstruction of the security personnel, the noise and noise gradually faded away, but looking at the news of the interest rate hike on the Reuters screen, Lamont could not be relieved. The screen was red, and the price of the pound seemed to be closed or unaffected, just like a vegetative patient lying in bed, no medicine had any effect.

The pound is running out.

Lamont was aware of this, and returned to his office, silently lighting a cigarette, and he didn't know what to do with extremely mixed feelings.

If the pound is finished, he can make a lot of money on his position, but this also means that it is probably ......

His political career was coming to an end.

After a long time, half of the cigarette was left, Lamont picked up the phone on the table, and did his duty, it was necessary for him to remind the finance ministers of the plight facing the pound.

"Hierro. I have to warn you that we may not be able to hold on, and if the pound is still the way it is before six o'clock, we will probably have to withdraw from the community. ”

Hierro Barussi, Minister of Finance of Italy.

He had always had a very good relationship with Lamont, and even asked Schlesinger some questions at the Bath meeting, at Lamont's suggestion. Of course, Barusi didn't know that when Lila collapsed, Lamont had slapped his chest and smiled.

However, none of this matters, Italy is now facing the same predicament as the pound, and if Britain goes to this point, Italy may also be in great trouble.

"I suggest that the foreign exchange market be suspended to allow more time, and you can talk to Schlesinger in the meantime. ”

You're not stupid!

Can't you see that Schlesinger wants me to die?

"I'd like to do that, too, but you know, in Great Britain, I don't have the right to terminate the continuous, global, world-leading foreign exchange market. ”

"Okay. Take care of yourself! Everything will be fine. ”

"Thank you!"

“......”

Will everything be okay?

Hanging up the phone, Lamont looked out the window at the setting sun, and suddenly felt a little desolate.

Canary Wharf, Capital One Investment Management.

Shen Jiannan looked at the message that popped up on the Reuters screen, and his dark eyes showed a strong playfulness.

In his original plan, he hoped to take this opportunity to make a lot of money and pit the Wall Street guys again. But now it seems that it is no longer realistic to want to cheat the Wall Street guys, the British have gone crazy to raise the interest rate to 20 percent, and called on the people to buy the pound, and the Wall Street guys can take the opportunity to get rid of their positions.

However, this brings a whole new variable to the market.

The fact that the sterling market has not reacted to the expected interest rate of up to 300 basis points can only indicate that the market lacks buyers, and more importantly, that the Bank of England is running out of foreign exchange.

Otherwise, with the operation of the British in the financial markets, they will definitely take the opportunity to make a final effort to pull up the price of the pound.

But now, the Bank of England has opted for a passive defense.

Picking up the internal phone on the table, Shen Jiannan Mali dialed out.

"William, how many positions do we currently hold. ”

"The London market, with 130,000 contracts, and the New York and Chicago markets with 60,000 contracts. ”

"Continuing to increase positions, I guess, the Bank of England has no money in its hands. ”

“......”

Hanging up the phone, Shen Jiannan stopped Yulia Sidorov's waist like a big-tailed wolf.

Yulia Sidorov was almost scared to death, and she still hasn't recovered from that crazy psychic shock.

"Shen. Wait, you're going to let me die. ”

"Baby. You said Geman and Carmandy still have nine billion pounds, right?"

Creak?

No......

"yes, what's the problem?"

"Now, it's time to sell all the pounds. ”

“.......”

Pound to Mark, 2.5835, -29.58%.

In the market trading department of the Bank of England, Robin Leigh Pemberton looked at the pound on the screen and couldn't hold any energy as if he was out of strength.

The expectation of a three-percent increase in interest rates, but the lack of much reaction from the market, only shows that the pound has not fallen to market expectations.

This is a very bad phenomenon.

Now the central bank only has the last billion funds left, and it does not dare to interfere in the market at all, but without the central bank to buy, where will the pound sink.

Pemberton didn't have any bottom in his heart, he just hoped that the end result would not be too bad.

Suddenly, a large string of transaction data suddenly emerged on the almost static disk, and the dense transaction data was like a stick stirring the surface of the lake, making the straight line chart instantly collapse.

2.5825 Sell 6

2.5815 Sell 6

2.5805 sells 6

......

2.5725 sells 66

......

2.4675 sells 66

......

Almost at the same time, there was also a large number of selling orders in the spot pricing system.

Sell for £2.4 66666666

Sell for £2.3 66666666

.......

Fast, too fast.

Almost to the point where Pemberton was still standing on the spot, he sold a full ten pounds sterling 66.66 million, and the price of the pound was bombarded by a series of sales to 2.3.

A despair that had never been felt before emerged from Pemberton's heart, with a sourness and an inexplicable tingling, and a deep powerlessness.

The central bank only has the last billion funds, and such a big sell-off is simply no longer possible.

Damn it!

How many people are actually selling pounds?

Why, do they quote so quickly?

No one could answer Pemberton's questions, only the waterfall of the pound and its charts, which seemed to mock his ignorance silently.

Four o'clock in the afternoon.

The sky is getting darker, and Britain is in the midst of a sterling crisis, forced to withdraw from the currency exchange rate mechanism. Faced with the irretrievable decline of the pound, Sister Mei and Lamont had to admit defeat in frustration.

The Bank of England official at the meeting, which was invited by the central banks of other European countries, revealed: the pound will suspend its ties with the European exchange rate system.

Five o'clock in the afternoon.

Major convened a meeting of cabinet members, and it was agreed that Britain would withdraw from the European exchange rate system, Italy would also leave, that the British and Italian currencies would float freely, and that the central banks of the two countries would not have to buy their currencies in the market to maintain their positions.

Television crews and journalists gathered outside the British Treasury, waiting for the decision to be announced.

Seven o'clock in the evening.

Lamont held a press conference in the central courtyard of the Treasury Department, and appeared in front of the cameras and cameras of many media outlets with a dejected face, looking like an abandoned resentful woman and a prisoner on the execution ground.

He put his hands behind his back and forced a smile, but the smile on his face didn't last even a second before it was fleeting.

Although he had expected this moment of shame to be announced, it was only at the end of the day that he believed that the politicians were as shameless as he had imagined.

"...... Today"

"It was an extremely difficult and chaotic day, with a large number of financial events occurring one after another, which made the exchange rate mechanism useless...... At the same time, the Government believes that the best interests of the United Kingdom can only be safeguarded if its membership in the Exchange Rate Mechanism is suspended......"

“.......”

Chinese Net