After Chen Hui drank a glass of Margaux White Pavilion, he opened the GBP/USD chart and was stunned.

It's still on the rise!

And there is still a small tail dragged underneath! Apparently the GBP/USD bulls are taking a huge amount of medicine today!

He immediately put on a mask and connected to the Bitar in Malaysia, which is responsible for operating the British pound currency exchange, and after connecting, Chen Hui looked at the excited Bitar and said: "Bitar, how is the situation of the British pound currency exchange today?"

"Give me a detailed report!"

He is most concerned about the situation of the British pound against the currency, after all, the GBP/USD trend is very demonic!

Bitar stood up straight, and said with an excited face: "Caesar, the day when the pound is a currency that skyrockets!"

"Caesars, in the European market today, the dollar index fluctuated downward, and now the dollar index is around 80.55.

And investors are undoubtedly focused on the Bank of England's quarterly inflation report during the session. In the end, the Bank of England did not revise the threshold for raising interest rates in the unemployment rate, as some market participants expected, but raised the country's economic forecast in the report. Affected by this risk event, the pound surged hundreds of points against the dollar in the short term, updating a two-week high of 1.6547. ”

Then the Bank of England said in its quarterly inflation report that it expects the unemployment rate to fall to 7% in the first quarter, and will remain low at 0.5% after the unemployment rate falls to the 7% threshold.

Raised the forecast for UK GDP growth in 2014 from 2.8% to 3.4%,

The UK GDP growth forecast for 2015 was raised to 2.7% from 2.3%, and GDP growth is expected to be 0.9% in the first quarter of 2014.

Chen Hui nodded with satisfaction, and at this time Bitar continued: "As for forward guidance, Bank of England Governor Carney said at a press conference that forward guidance is working. Carney did not mention any comments about adjusting the guidance, which disappointed the market. I expect the Bank of England to lower the unemployment threshold if it wants to keep interest rates low as the UK economy recovers. ”

"In the future monetary policy, the Bank of England is expected to adjust its forward guidance, including changes to the unemployment threshold or more measures, which may signal a delay in the timing of the central bank's interest rate hike. In the short term, this will have a negative impact on the pound, but this shift is widely expected, so I expect the pound to continue to rise!

Regardless of how the Bank of England changes its forward guidance, the UK economy will continue to recover rapidly, and as spare capacity is utilised, it is expected to bring inflationary pressures in the near term, which is a key point in the future expectation of the pound.

Recent M&A-related flows are likely to be positive for the pound to strengthen. ”

Bitar carefully analyzed.

Today, GBP/USD surged more than 100 points in the short term, updating a two-week high of 1.6547. UK bond futures extended losses by more than 20 points, with the spread between the yield on 10-year UK bonds and comparable German bonds widening by 2 basis points to 110.2 basis points, the highest since January 30, and short-term GBP rate futures extended losses.

Except for the British pound, the volatility of other currencies during the session was relatively limited. The dollar index retreated to near a two-week low hit overnight, and on Tuesday Federal Reserve Chair Janet Yellen stressed that she would continue Bernanke's policy, which briefly boosted the greenback.

Thinking of this, Bitar continued: "Caesar, this time Yellen emphasized continuity in her testimony, which will be good for financial markets, should support risk trading, which is positive for USD/JPY, and maybe we can also transfer some funds to USD/JPY."

Chen Hui pondered for a while and said: "There is no need to withdraw funds, just continue to hold the British pound currency pair!"

"Yes, Caesar!" said Bittar, seeing the chairman's command.

At this time, Chen Hui said: "In the past few days, you have been keeping an eye on the trend chart of the British pound currency pair!"

"Be ready to close your position at any time!"

GBP/USD is so strong that it has skyrocketed for several days in a row!

Chen Hui is not particularly relieved!

It's hard to make a huge drawdown of profits!

At this time, Chen Hui asked again: "How much has the pound been profited against the currency now?"

"Let's talk about it carefully!"

Bitar bowed and said, "Caesar!"

"There is currently a total floating surplus of $23.8 billion!"

As he spoke, Bitar slowly reported.

The hedge fund they operate now holds a long position of 5 million contracts of GBP/USD, with an average opening position at 1.6330, a fluctuation of one point, which is a profit and loss of $50 million, and now GBP/USD is at 1.6600, with a profit of 270 points! a total of $13.5 billion

1 million lots of long positions on GBP/EUR, with an average opening position at 1.2040, a fluctuation of one point is a profit or loss of $100 million, and the current GBP/EUR position is at 1.2210, with a total profit of 170 points, totaling $1.7 billion.

A long position of 1 million GBP/CAD is opened at 1.8080 on average, and a fluctuation of one pip is a profit or loss of $100 million.

GBP/CAD is currently trading at 1.8260 and has a profit of 180 pips, totaling $1.8 billion.

1 million lots of long positions on GBP/AUD, with an average opening position at 1.8300, a fluctuation of one point is a profit or loss of $100 million, and the current GBP/AUD is at 1.8370, with a total profit of 70 points, totaling $700 million.

1 million contracts of GBP/CHF long position, the average opening position is 1.4700, a fluctuation of one point is a profit and loss of 100 million US dollars, and the current GBP/CHF is at 1.4950, a total of 250 points of profit, a total of 2.5 billion US dollars.

1 million lots of long positions on GBP/JPY, with an average opening position at 166.50, a fluctuation of one point is a profit or loss of $100 million, and GBP/JPY is currently at the 170.10 position, with a total profit of 360 points, totaling $3.6 billion

They now hold a total of 10 million long positions in the British pound against the currency, which adds up to a floating profit of $23.8 billion.

This $50 billion account capital, after many days of hard work, has now made a profit of nearly 50%!

The bigger the capital, the more difficult it is to double, every time they can float more than 30%, it is a very good record, I didn't expect them to be able to float more than 50%!

When Bitar finished speaking, his face was very excited and joyful!

At this time, Chen Hui was also very happy in his heart, and pondered for a while.

Chen Hui slowly looked at the charts of all the British pound currency pairs, and after a few minutes of silence, Chen Hui said: "Bittar, start closing all the long positions of GBP/EUR, GBP/CHF, and GBP/JPY now!"

GBP/EUR, GBP/CHF, GBP/JPY total of 3 million long positions, Chen Hui plans to close them all, after all, Chen Hui also told Adam to start long EUR/USD, it will have a certain impact!

"Okay, Chairman!" Bitar immediately said respectfully: "I will now order them to close their long positions in GBP/EUR, GBP/CHF, GBP/JPY!"

Chen Hui nodded, turned off the video, and then went to the trading room of Temasek Tower to see the operation team of Adam and Hu Jianghu.

Now Adam and his team are in charge of opening a long position on EUR/USD! Using Chen Hui's trading account at Bank of America, the account capital is 30 billion US dollars! The leverage is also very high!

And Hu Jianghu and his team are in charge of shorting copper! Using Chen Hui's HSBC trading account, the account capital is 50 billion US dollars! The leverage is very low, only 5 times leverage!

This is Adam looking at Chen Hui who came over, and immediately said: "Chairman, we have established a lot of long positions today!"

"Today's Eurozone industrial production for December is too bad!"

Previous 1.6%

Expected -0.3%

Published Value -0.7%

Industrial output refers to the various products produced through the industrial process, including two parts: one is to meet people's living needs, such as food, clothing, televisions, refrigerators, etc., and the other part is used to meet the needs of production, such as steel, machinery, fertilizers, pesticides, etc. Industrial output is an important economic indicator to measure the real output of manufacturing, mining and public utilities, and the job production index is the main indicator of changes in a country's economic cycle. Foreign exchange investors can judge the future trend of the economy, which in turn affects the trend of the exchange rate.

The more the EUR/USD falls, the more Adam's team can open a long EUR/USD position at a low level!

Chen Hui nodded with satisfaction, looked at the trend of EUR/USD and New York copper, asked a few more things, and then left the trading room.

··

At this moment, far away in the UK, the Royal Bank of Scotland, the trading department, a group of foreign exchange traders looked at the GBP/USD chart with gloomy faces.

Today, I watched the pound rate soar across the board, especially the straight currency pair of GBP/USD!

They don't dare to compete with it!

A trader said, "What are we going to do now?"

Now GBP/USD has risen to the level of 1.6600, and they have a short position of 4 million GBP/USD in their account

At present, they are all losing 200 points!

A total of $8 billion!

And on other British pound-based currencies, the total loss is more than $4 billion!

He didn't know what to do at the moment.

A trader said bitterly: "Yes, now I have lost so much money!", the whole floating loss of 12 billion US dollars, he has a bad feeling in his heart, this time continue to resist, may break the record of more than 30 billion US dollars in 2008!

Fortunately, there are many customers who have entrusted assets this time, unlike the last time the Bank of Scotland almost collapsed because of its own loss of $30 billion.

Now that GBP/USD has been rising for so many days, there is no downward momentum at all! And the pound is also rising across the board.

His heart is really like being hit by a crit, he swore that the pound was crossed, but he didn't expect to be nakedly slapped in the face by the market, and he was beaten to the core!

One trader sighed and said, "Alas, we shouldn't have chosen to wait and see!"

One of the traders was terrified and said, "Gentlemen, we're going to be in a bad situation now!

"Alas, it's hateful, hateful!"

One trader blamed the other two and said, "The hateful Prime Minister 'Karen', the hateful Fed Yellen!"

··

After everyone vented, they gradually returned to the topic!

"Gentlemen, are we going to cut our positions now, or are we going to hold them?"

"Shakespeare, the Tao lives or perishes, that's a question!"

"How do we choose now?"

Suddenly there was silence in the trading room, and the atmosphere was very depressing.

Everyone also slowly expressed their inner thoughts.

The end result is, keep holding!

If GBP/USD continues to rise and breaks through the highest resistance level, then stop loss decisively!