At four o'clock in the morning of Eastern Time, when Zhou Ming was sleeping soundly in bed, the phone suddenly rang at the head of the bed. Zhou Ming picked it up in a daze and answered it, and then he heard Joros' nervous voice coming from the other side of the phone.

Mr. Zhou Ming is not good. There is a very troublesome problem in the UK. I am afraid we have to find another way. Please turn on the TV now. Wall Street Financial Channel is playing this news topic. Mr. Zhou Ming and Joros said.

When Joros began to say it, Zhou Ming did not wake up completely. It was not until he repeated it several times that Zhou Ming understood it. But after he understood it, Zhou Ming frowned again.

Zhou Ming knew that Joe Ross would not call this time just for a prank. It must be something major change happened on the pound. This is what Zhou Ming is very concerned about now, so he immediately turned on the TV and transferred to the Wall Street Financial Channel. Looking at the title on the TV, Zhou Ming immediately understood what Joe Ross meant. Zhou Ming said to him: Mr. Joe Ross, what you want to say is that the Bank of England is doing its best to defend the pound exchange rate.

Zhou Ming asked and turned on the TV. Sure enough, there was a news topic about the pound exchange rate issue.

The host on TV said: Starting yesterday, under the leadership of Joros and his quantum fund, the pound began to be sold wildly, which also caused the pound to fall by 100% in one day yesterday. It has to be said that this decline is not high or low, but the Bank of England's reaction was very fast. Last night, the British Treasury and the Bank of England held an emergency meeting and today it said that it would express its determination to maintain the pound exchange rate by buying the pound.

The camera then gave a commentator, who said: Actually, this is not surprising, because we know that the Bank of England, which was the largest central bank in the world before the birth of the Federal Reserve. No one dared to challenge his authority in three hundred years. Perhaps the Bank of England is no longer as glorious as it was back then, but its position in finance cannot be ignored.

Indeed, the UK's economy is not in full swing now, and Germany is constantly raising interest rates within the European exchange rate system. At first glance, the pound will have a loophole in depreciation. As long as someone dares to sell the pound and buy the German Mark, you can make a profit. In fact, Joros and his quantum funds do this.

The commentator said this, but a big turn came: But please note that Joros and his Quantum Fund were able to succeed because the Bank of England did not intervene. Once the Bank of England began to intervene, the situation would be completely different.

After all, that is the Bank of England. The Bank of England has the richest experience in regulating the market and resisting chaos. Even the Federal Reserve, who is calling for trouble today, is just a junior student in front of him. Therefore, as long as the Bank of England and the British Treasury clearly state that the pound will not depreciate, then the pound should not depreciate.

The commentator continued: Today's speech by British Chancellor Philip proved this argument well. At a press conference not long ago, Philip said that he would order the Bank of England to buy a billion pounds to deal with international speculators.

This is a very effective method. Because we all know that Joros and his quantum fund depreciating the pound is selling, so the Bank of England can naturally maintain the pound exchange rate by taking the completely opposite method. The commentator said that the result also proved this. Within half an hour after Philip's speech, the pound exchange rate stopped falling, which is a very good sign.

So this means that this pound sniper battle will become a close contact between money and money. Is it right to sell and buy? The host suddenly asked.

That's about that. The commentator said that in the close connection of money, it is very simple to decide the winner. Whoever can invest more money can get the final victory. Although I admire Joros and Quantum Fund's courage to provoke the Bank of England, I'm sorry, I don't think they can win the final victory.

Zhou Ming mutes the TV when he saw this, because through the news topic content he saw, Zhou Ming can already guess what happened.

So Zhou Ming directly asked Joros: How much foreign exchange has the Bank of England prepared to save the market

There are a billion investments now, but the British Chancellor of the Exchequer said at a press conference half an hour ago that he would continue to invest more foreign exchange if necessary. Joros thought about it and continued that according to the fiscal data released by the UK, they have 20 billion US dollars in foreign exchange reserves. If they are really determined, I believe they can put out at least 15 billion US dollars to deal with the crisis.

Joros said again: Just ten minutes ago, I got another new news that the UK borrowed $10 billion worth of foreign exchange from the International Monetary Fund. From the current situation, it is very likely to be to maintain the stability of the pound's exchange rate.

So the current situation is very unfavorable to us. Mr. Joros, you just want to withdraw your troops and give in to the Bank of England. Is it right? Zhou Ming asked.

Joros sighed heavily at this: I understand what Mr. Zhou Ming, you mean. As for me, I don’t want to do this, but the Bank of England has prepared so much foreign exchange. Although it is equivalent to our funds, we need profits, and equal funds cannot depreciate the pound. If the pound does not depreciate, we cannot create profits. The Bank of England can do its best to maintain the exchange rate of the pound, but we do not have this need.

I know I shouldn't say such a disheartening thing at this time, but now I really have no chance. Joros said that because other hedge funds I worked with just now have contacted me and said that they are all ready to stop. Although they only have one-to-one three percent interest, they are better than not.

I am a trader of Quantum Fund, and I need to be responsible for all the investors of Quantum Funds. I cannot make investments without returns. Joros finally said: So I am very sorry for Mr. Zhou Ming. It seems that I underestimated the determination of the UK and also overestimated the degree of erosion of the European exchange rate system.

Zhou Ming interrupted Joros and asked: Then Mr. Joros, do you believe in the statements and promises of those politicians?

This sudden question made Joros stunned at the time. He couldn't understand Zhou Ming's meaning: Mr. Zhou Ming, are you trying to say that the UK will not firmly maintain the exchange rate of the pound as they have expressed their own statements?

Isn't it? The British Chancellor of the Exchequer would say this just to boost market confidence, and he can only say this. If he dares to say that no matter the pound exchange rate, he is afraid that the pound will collapse in minutes to show him. As for the foreign exchange prepared by the UK and the foreign exchange borrowed from the International Monetary Fund, it is just a sign of bluff. As long as we can continue to sell and force the pound to the end, they will not be able to hold on. Zhou Ming said.

Of course I understand what you said, but the problem is that we don’t have enough funds. Joros said helplessly that although Tangren Bank invested 30 billion US dollars in Quantum Fund, the funds are still being reviewed and registered in the United States and have not been transferred to our European accounts.

Joros also said: Of course, even if all this money is transferred to the accounts prepared by Quantum Fund in Europe, it is useless, because when our funds are equal to those prepared by the Bank of England, it is impossible to create enough profits.

Simply put, it’s just that there is not enough money. Zhou Ming said, how much more do we need to support our plan?

At least one or two billion, Joros said hesitantly, and then added that the money must be in the European account.

Don't worry, of course, this money will be in the European account, because I can't wait for the time to transfer funds, and I don't want to wait for a day. Zhou Ming said, by the way, I remember Mr. Joros, you once told me that Britain is a very rich country, right?

Joros nodded blankly and said yes, but then he reacted and said incredibly: Mr. Zhou Ming, you can't mean to have that idea, right?

Zhou Ming smiled and replied: Of course, since the British can borrow money, why can't we borrow? I think since Joros, your quantum fund can prepare for this project to snipe the pound, there must be companies in the UK and Europe, then we can borrow from banks in the name of these companies, or issue bonds to finance the society. I think since the UK is so rich, it should be no difficulty for us to raise 20 billion yuan.

Joros could only nod and said yes to this question. He claimed to be a speculative genius, but he did not expect that there would be another way: borrow money from the UK and then sell pounds.

It is impossible not to say that this is a very ghost method, because it is equivalent to finding a pile of eggs to buy eggs on credit, and then selling them to the market to lower the price of eggs. How could it be like this? It’s just that now facing this situation. For them, after thinking about it, it seems that this method is the only way, but now Zhou Ming can come up with this method.

Zhou Ming said at this time: But there is one of the most important questions here, that is, Joros, can you be sure that the British economy cannot support the strong pound, and the pound will definitely depreciate.

I'm very sure Joros answered firmly.

Zhou Ming smiled because he would ask this, but he didn't really want to ask. After all, Zhou Ming had memories of his previous life and could be 100% sure that the pound would depreciate. He asked this just to strengthen Joros' confidence.

That's fine, Joros, you just go to raise funds like this. I believe you can raise money quickly with your ability. Zhou Ming said, and you also said that once the pound depreciates, it will stimulate the domestic economy to rise, and then more hot money will become, and financing will be easier.
Chapter completed!