In the trading room, almost everyone looked at Sir Norman for some reason.

If you want to manipulate the exchange rate, it is not only enough to pull it up once, but also to maintain a steady rise, only in this way can you attract retail investors to follow and let them put real money in their hands.

In the foreign exchange market, there is a very interesting description that retail investors are like a suspicious and swinging rabbit, and if you want to lure it into the market, you need to lay all kinds of traps and lucrative bait.

Once retail investors are tempted and start to enter the market, even if it is just a little bit, they will continue to invest regardless of losses and profits, until they smash all their net worth, and they will go bankrupt for this, and there are not a few who owe countless money.

Well, that's right, not only do you lose money, but retail investors will continue to invest money to save their losses and make a profit, and retail investors will also invest all their assets in pursuit of maximum profits.

This is also the reason why the profitability and loss rate of retail investors far exceed that of institutions, whether in the foreign exchange market or the stock market.

Of course, most retail investors lose a lot.

It's like a rabbit that keeps speeding up and can't stop until it hits a stake.

Hearing the questioning of his subordinates, Sir Norman waved his hand and said with indifference: "How many chips are willing to invest is the business of Mr. Prime Minister, and how to use the chips in our hands is our business, our only goal now is to save the exchange rate of the pound, if Mr. Prime Minister is not willing to see me do this, then please let me get out of the way, as long as I am still the governor of the Bank of England, then I can only do this!"

By the time he said the last sentence, Sir Norman had become high-pitched and agitated, and his eyes glowed scarlet, like a bull enraged by a matador.

Or more accurately, a gambler who has lost red-eyed.

Now he's almost lost, and almost all he's left is a pair of bottoms, except for the chips he just got from his clothes.

Then he can only win if he puts all his chips on the stud and makes a complete bet!

And this so-called win is just to redeem what you just took away, and then earn a little bit of travel money home, so that you won't lose so ugly.

Sir Norman no longer expects to raise the pound back to 2.95, to ensure that it will remain above 2.7780, not to leave the European exchange rate system, and not to let the pound be massacred.

There is no way, who let the current trouble for the pound now, the actual root is in the British economy, if it were not for the unfavorable development of the British economy, the exchange rate of the pound would not be so easily beaten down by those financial predators.

At the end of the day, there is still no confidence in the pound.

Therefore, 2.7780 must be kept, this is the psychological bottom line of everyone, once it is broken, all the international speculators who are on the sidelines will push the wall down and frantically plunder the wealth of Britain.

Everyone shook for a moment, and then a burst of earth-shattering applause suddenly broke out.

This applause is dedicated to Sir Norman, who is fortunate to have such a real warrior and hero as Sir Norman at a time when the pound is in such a crisis.

With the news of a 2% increase in the interest rate on British bank deposits, that is, a one-year bank deposit rate of 12%, and the first $3 billion in foreign exchange reserve funds of Sir Norman was invested.

The pound exchange rate rose in response, and instantly drew a straight line straight into the sky, like a peak with a different peak, which rose directly by 200 basis points in just two minutes, and then rose rapidly at a rate of 20 basis points per minute.

Not to mention the fact that $3 billion in funds can directly push the pound up by almost 15 billion basis points, the 12% deposit rate of the Bank of England alone is exciting.

For tens of millions of dollars in large deposits, this 2% more means more than 200,000 dollars a year.

Although it may not seem like much, you must know that this is a sure way to make money, as long as Britain does not disappear from the face of the earth, then the Bank of England will have to admit this account.

Not to mention that the interest rate on bank deposits in the UK is already a little higher than that of other major developed countries in the world, and in countries with strong economies such as Germany and the United States, the deposit interest rate will hardly exceed 9%, so it is even more attractive to calculate.

However, more importantly, many retail investors still believe that the British has a 300-year financial history, the beginning of modern finance, and the strength of the country, and feel that the pound will not fall too hard, and once the UK makes a move, the exchange rate of the pound will inevitably increase.

"The strength and level of the British are still good. Looking at the unusually dazzling rise on the chart of the pound exchange rate, the fund manager of the quantum fund couldn't help but complain.

After learning from Mr. Soros that after the second wave of the British response plan, he did not take the UK very seriously, and the little good news coupled with the foreign exchange reserves of 10 billion US dollars is really a little small for the power they have.

But he didn't expect that with such a small amount of chips, the other party could play such a beautiful counterattack, which was completely unexpected to him.

"Mobilize two billion pound shorts from the remaining six billion pound shorts in your hands, and smash them down directly, without giving the Brit any hope!" a sinister smile flashed at the corner of the fund manager's mouth.

He knows very well that at this time, it can be said that it is the most critical moment of this exchange rate war, and their victory, defeat, victory or loss depends entirely on whether they can hold on to the combination of the British government and whether they can resolutely beat the pound exchange rate.

If not, let the majority of retail investors see the hope of the pound exchange rate recovery, and the amount of pound bulls that day will definitely blow them up in an instant.

Therefore, he did not hesitate to withdraw the two billion dollars of funds in his hand.

This is not a small amount, it already accounts for a third of all the pound shorts in his hands.

Although he had 10 billion dollars of short pounds in his hands before the war, after a night of fierce fighting, he had already spent 4 billion dollars of short pounds, or rather, he had invested half of the amount of money in a night's fierce battle with a single decision.

This stroke is not small, it is not heavy, it is not ruthless!

However, he also knows that the current upward momentum of the pound is definitely not something that his two billion dollar pound short can suppress.

In other words, whether it can be done depends on whether his allies can be more powerful.

The fund manager prayed all over the sky, from God to the Virgin Mary, including the Buddha and the Jade Emperor in the East, as long as his will can be fulfilled, he has no problem becoming a believer in Satan.

After all, if the allies don't react in a timely or decisive way, what if Britain raises the exchange rate of the pound, not to mention how much it will have to pay to bring it down, and the benefits will drop sharply, and most importantly, what if it rises and can't do it?

Now, he has only four billion dollars of pounds in his hands.

At this time, Zhu Changhong, who was still haunting Prime Minister Major's televised speech, looked at the unusually dazzling rising line on the chart, and couldn't help but sigh to himself.

The British counterattack was much more violent than he had imagined.

After thinking for less than two seconds, Zhu Changhong directly ordered: "Throw out the short position of the pound in your hand for another $1.2 billion, and you must beat the upward momentum of the pound exchange rate!"

In the previous battle, the main force of the quantum fund, the funds in his hands were not very much, and after one night, the original $6 billion pound short in his hand is now about more than 4.2 billion, and even if he fights out 1.2 billion dollars, there will be another 3 billion dollars.

However, he also silently hoped in his heart that other allies, especially the traders of the Quantum Fund, would be able to react smartly, otherwise, he would be fighting alone, and the praying mantis would block the car.

And at this moment, in Yanjing Da Nei, Fang Chen and Dean Zhu sat tightly together, frowning and looking at the pound exchange rate chart that had just been drawn in front of them.

Fang Chen even said, "!"

Dean Zhu glanced at Fang Chen expressionlessly, but he didn't say anything, because he also wanted to explode now, and the reason why he didn't say it was just to hold his own identity.

However, it is no wonder that Fang Chen has no quality, according to his estimates, basically every 100 basis points of the pound falls, he can earn a little more than 10 million profits, and on the contrary, if the pound rises, it will lose a little more than 10 million profits.

This sudden increase of 200 basis points means that he lost more than 20 million US dollars in an instant, how could he not feel distressed.

And the ten-point fund that then rose every minute was like a finger-thick needle piercing his ass, after all, it was more than a million dollars.

As for the car that Li Xiaohua has been pretending to be forced all day long, the first Ferrari in Huaxia, he can buy ten cars with the money he loses in one minute.

Dean Zhu's face was also a little unpleasant, although he only mobilized $500 million in funds, but in just a few minutes, he also dropped more than $6 million.

With these more than 6 million US dollars, how many things can he do is almost equivalent to being able to import half of a 100,000-ton advanced steel rolling line from Dongwei or Germany, or to three or four lanes of Shuimu and Yanda, national laboratories, or to revitalize one or two large factories at the level of 10,000 people.

The result was gone in these few minutes, could he feel better?

Xu Jianshu looked at Dean Zhu and Fang Chen, lowered his head, and scratched his head helplessly.

Can he say that Dean Zhu was taken by Fang Chen.

Counting from two o'clock in the morning today, these two, one earned almost 300 million, Dean Zhu's side is a little less, but he also earned nearly 100 million, and as a result, the exchange rate has risen by this point, and it is a bit too much to be distressed like this......

But seriously, I don't know if money is too important, or if Fang Chen is indeed appreciated by Dean Zhu.

Early this morning, when Fang Chen was still eating fried liver on the street with his girlfriend, Dean Zhu ordered him to take the car and take Fang Chen to Ouchi.

Even the leave from the school was requested for Fang Chen, or to be precise, approved.

After all, Dean Zhu is still the dean of the School of Economics and Management of Mizuki University, and it is just in charge that Fang Chen, a student of the School of Economics and Management, is even more convenient to approve a leave of absence.

made Fang Chen cry and laugh, what is he?

Ordered to take a leave of absence?

But seriously, for Ouchi, he was actually quite curious, but the first time he came, he was embarrassed to bring it up and go shopping, thinking that it would be better to wait until he was familiar with it.

He should have a chance to come back, right?

Right?

Right?

Fang Chen instantly became a little uncertain.

In addition, he is really a little skeptical about whether Dean Zhu is really in charge of everything, otherwise with this amount of money, would he have called him to Ouchi?

As for the $1.5 billion enlarged by the triple leverage in Dean Zhu's hand, if it is manipulated well, the money that can be earned will only be more than $100 million, and it will definitely not reach $200 million.

And people like him, who have six billion dollars in his hands and can earn more than $700 million if he makes money, are not in a hurry.

I didn't see it, Zhu Changhong called him up at two o'clock in the morning, he thought for a while, and decided not to disturb Dean Zhu's sleep, so he fell asleep again.

I don't know which way the immortal is on duty today, but the prayers of the fund manager of the quantum fund and Zhu Changhong really have an effect.

Except for a few small hedge fund companies, which did not dare to invest again because of doubts, Goldman Sachs, Morgan, and NatWestminster Bank have invested almost a quarter to one-third of their funds in the foreign exchange market.

After all, they also know very well what kind of disaster they will face once the pound exchange rate recovers.

As a result, nearly $20 billion of the pound bears smashed into the foreign exchange market in just two minutes, not only swallowing up all the more than 200 basis points that the pound exchange rate had just risen, but also hitting the pound exchange rate below 2.7780 points for the first time, locking it at 2.7320 points.

In other words, in just two minutes, Quantum Fund and Zhu Changhong directly lowered the exchange rate of the pound by more than 800 points.

For a moment, the foreign exchange market seemed to stand still, and everyone looked at the ups and downs of the pound exchange rate chart in disbelief.

It's a little too exciting, and that's not how the roller coaster goes.

It has just risen by more than 200 basis points, and now it has fallen by more than 800 basis points.

Some speculators have been playing foreign exchange for nearly ten years, and they have never seen an exchange rate that can rise and fall so much in a short period of time, at least not in a large country.

After all, the currencies of small countries with a small projectile can sometimes rise by tens of thousands of basis points at an exchange rate of $1.8 billion.

This is the kind of pomp and circumstance that the Finnish mark and the Italian lira, which have been considered extremely fierce before.

And most importantly, now the pound has been beaten below 2.7780, and it has fallen by almost 500 basis points.

For a moment, almost everyone was dumbfounded, not knowing what to do.

Or, rather, waiting for the British government's response.