14 September 1992.

Monday.

It was also the first day that Wall Street and Lu Qing officially shorted the pound.

On this day, Waleed, who had prepared early, came to Lu Qing with a small oxygen cylinder.

"Don't worry, this time, I won't have an accident!"

Waleed gave Lu Qing a confident smile.

"If you can take off the oxygen mask on your face when you say that, I think it will be more convincing."

Lu Qing said speechlessly.

Waleed laughed, and then said seriously: "Chen, everything is entrusted to you!" ”

"If I knew that your $3 billion was stolen public money, I wouldn't have asked for anything."

Lu Qing sighed.

He really didn't expect Waleed's courage to be so big.

That's $3 billion, not $30!

"I think your plan is likely to succeed, and you have the endorsement of the Wall Street gang, of course you have to fight for it."

Instead of paying attention, Waleed said with some pride.

It's like embezzling 3 billion public funds is a great honor.

Hearing this, Lu Qing finally understood why Li Hengcai would say that Waleed was an adventurous person.

"Waleed, I may often ask you to do business in the future, but I will never partner with you to start a company in this life."

Lu Qing said with a smile.

If you partner with him to start a company, God knows when you will risk the money in the company's account.

Waleed naturally understood what Lu Qing meant, and when he heard this, he laughed smugly: "Being able to let you cooperate with me obviously shows that my choice is not wrong, isn't it?" ”

I didn't bother to pay attention to his strong words, and seeing that the opening time was up, Lu Qing immediately began to call the trader to give various instructions.

Waleed also hurriedly turned on the computer and observed the changes in the exchange rate on it in a timely manner.

……

Just three minutes after the opening,

Suddenly, there was an extra £500 million worth of pounds in the market.

As a result, the price of the pound rose slightly.

But immediately, Waleed listened to Lu Qing's call:

"Sell $500 million sterling."

thereupon

The pound, which had just raised its head, fell in response.

But then another £500 million worth of pounds entered the market.

The price of the pound is back on the rise.

Lu Qing's expression was unfazed, and his voice was like a reef on the coast, unchanged for eternity: "Throw another 500 million!" ”

The price of the pound is back down...

In the following day, it was almost all a similar back-and-forth.

If you put out the sell order here, I will eat it immediately;

If you start buying, I'll sell immediately......

The bulls and bears are your side singing and I appear, and the fight is called a lot of fun.

As a close melon eater, Waleed only felt that his heartbeat was also changing back and forth with the exchange rate increase displayed on the market.

Sometimes cheering loudly because of the fall in the price of the pound,

Sometimes sighs because of the rise in the price of the pound.

Especially when the first day of fighting was over, he found that Lu Qing had sold 7 billion US dollars worth of pounds, Waleed took several deep breaths of fresh oxygen in a row, which stabilized his mind.

"Chen, we have already dumped $7 billion in pounds, why has the exchange rate only fallen by 3.7%?"

Waleed asked, a little worried.

"Don't panic, it's just a small problem, it's just a technical adjustment."

Lu Qing smiled and said: "In fact, the more we sell, the less the pound will depreciate, and the more we can hide ourselves." ”

Shorting the pound exchange rate does not mean that the lower the pound depreciates, the better, because once the pound depreciates too quickly and causes panic in the market, no one will want the pound borrowed by Lu Qing!

You can't find the buyer of the hand, how can you still do it?

Therefore, as now, he throws a little bit and the Bank of England buys a little, and it is better to keep the exchange rate unchanged, and then wait until Wall Street makes a move, so that the exchange rate depreciates rapidly, and then buys it back at the bottom, which is called the perfect plan.

Waleed didn't seem to understand it, but he was at least sure that Lu Qing knew everything.

"OK, I don't care about the rest, as long as we make money in the end, everything will be fine!"

……

15 September 1992.

Tuesday.

Weather, cloudy.

Originally, yesterday resisted Lu Qing's $7 billion sell order, which only made the pound fall by 3.7%, British Finance Minister Lamont was still a little happy, feeling that the so-called short-selling army was nothing more than that, especially when he thought that his own inventory still had nearly $30 billion in foreign exchange reserves, he was even more unpanicked.

"I was watching the mountain scenery from the city tower, and I could hear the chaos outside the city ......"

Arriving at the office, Lamont hummed a newly learned Chinese song and asked the secretary to pour him a cup of coffee.

But

Just as he was about to put his legs on the desk, he heard the screeching of the phone:

"Hello?"

As soon as Lamont asked a word in a slow manner, he heard the Bank of England Governor Pemberton on the other end of the phone shout in a panic: "Lamont, it's bad, there are at least $10 billion of empty orders on the market!" ”

Burst!

Lamont directly squirted the coffee in his mouth: "Much... How much?! ”

$10 billion!

When global investors saw so many short positions on the pound, they were all dumbfounded.

This is Great Britain!

The empire on which the sun never sets!

When did it become a broken drum and a hammer, and anyone who came could and pee on the top of their heads?

As a result, many institutions that do not know the truth, as well as the central bank entrusted by the United Kingdom, have begun to buy short orders for pounds in the market.

But just after these empty orders ate about 6 billion US dollars, a bad news came out -

Shorting the pound is an investment banking group led by the Wall Street Quantum Fund!

The most important thing is that they have shorted a whopping $40 billion!

Rumble!

As soon as this news came out, there was a global uproar.

Wall Street vs. Buckingham Palace,

Is this going to be World War III?

Of course, a third world war is out of the question, but everyone knows that it is a financial war no worse than the cruelty of a world war!

……

"Buy!"

"Buy me them all!"

In the conference room of the British Treasury, Lamont screamed in anger and panic.

As the news spread that Wall Street was shorting the pound, panic began to spread.

Even many people who hold pounds in their own countries have started to sell!

If this kind of news is allowed to spread, the pound is really finished.

Everyone else knew the seriousness of the matter and started to act.

Someone was in charge of going to the interview to put out the fire, saying that what Wall Street short is just a minor issue;

Someone is responsible for buying short orders and maintaining the interest rate on the pound;

Someone is responsible for contacting other countries around the world and asking for support......

nevertheless

By the time the time came to close, the price of the pound was still down 5.8% compared to yesterday.

People are already smelling the smell of pills...

……

"Chen, how is it, have we sold all the pounds today?"

Waleed couldn't help but ask.

As long as they sell the $15 billion in their hands, then they only need to wait for the pound to depreciate in the future, and then buy it back and return it to the institution.

"Well, it's already all done."

Lu Qing also laughed: "We just need to wait for the right time to buy it back." ”

“Yes！ Yes！ ”

Receiving an affirmative answer, Waleed raised his arms and shouted.

Now that the pound has been sold, it means that his embezzlement has almost stepped into the door of success.

"But, Chen, are you sure the pound will fall this time?"

After calming down a little, Waleed had some gains and losses: "I think the British government is quite determined to intervene in the market. ”

"Then it depends on whether Wall Street can give it or not."

Lu Qing shrugged and said.

Having said that, in fact, from the results of the system deduction, he has determined that he will win this time.

……

The time came the next day.

September 16.

Wednesday.

On this day, as soon as Lamont went to work, when the London Stock Exchange opened, he couldn't wait for his subordinates to buy $1 billion in pounds.

At this time, the panic in the market is already very large, and they must use thunderbolts to stabilize their emotions.

However, the billion-dollar entry did not even make a splash.

The pound exchange rate seemed to be stuck, motionless.

"Keep buying!"

Lamont said through gritted teeth.

Soon, another billion dollars were dropped.

The exchange rate is still not moving.

"Keep buying!"

"Buy again!"

"Buy it back!"

In this way, in just half a day, the British government has bought 15 billion US dollars of pounds.

However, the exchange rate of the pound did not increase, but fell.

Lamont knew it was all over.

Although they still have $10 billion in foreign exchange reserves in their central bank to buy pounds, there are too many sellers in the market!

The general trend has been achieved, and it is not at all something that can be stopped by manpower.

Even if all that foreign exchange is used up now, it will be just a waste.

thereupon

After an afternoon of urgent consultations, Lamont held a press conference at 7:30 p.m. to officially announce that the British government would no longer seek to maintain a fixed exchange rate with the Deutsche Mark.

In a word, I took the vote.

As soon as the news came out, the pound fell sharply in response to the US market that was still trading!

The sun that never sets on the empire has gone down.