Although the British Empire has long lost its glory a hundred years ago, due to historical reasons, the pound is still the most important currency in the world besides the US dollar. Therefore, any fluctuations in the pound can easily become the focus of attention all over the world. So the media around the world have noticed it since Joros and his quantum fund began to sell the pound.

The first thing I noticed is London Finance. In the morning hotel in London time, the rolling news of the London Financial Channel mentioned: Since the UK joined the European exchange rate system, the exchange rate of the pound has been falling continuously. No matter how the Bank of England finds a way to adjust, just an hour ago, the exchange rate of the pound against the mark began to fall very strangely.

The opening exchange rate of the pound today is 3.01, which means that one pound can be exchanged for 3.01 German marks, but within this hour, the exchange rate fell to 2.995, with a drop of 5% of a thousand.

If this decline occurs within one day, it may be a normal reaction of the European exchange rate system, but now it occurs within one hour. This cannot help but warn whether someone is maliciously shorting the pound.

Now, if the jazz of the Bank of England do not pay attention and allow international hot money to short the pound, it is likely to have devastating consequences for the pound.

As the oldest financial channel in the UK, London Finance has a naturally keen sense of smell, and his report soon came true; at 4 pm London time, the exchange rate of the pound against the German Mark had fallen to 2.97, a drop of more than 1.3, and this drop was obviously beyond the normal floating range, and global media began to react later.

Wall Street Finance is the benchmark financial channel in the United States, so it was naturally the first to unveil the veil of the pound sniper war: at 8 am London time at 3 am New York time, several major hedge funds led by Quantum Fund entered the European market. They believe that the pound is very weak due to the influence of the British domestic economy, so shorting the pound can make huge profits.

According to Mr. Roger, chairman of Quantum Fund, Quantum Fund has sold more than $500 million in pounds in today's pound sniper battle, and this is just the beginning. In the next few days, Quantum Fund and other cooperative funds will sell more pounds. They believe that the pound will have more room for decline or can fall to 2.14 or even lower.

After Wall Street Finance, French and German media have also turned their attention to this pound sniper battle. They said that the decline of the pound was caused by the recession of the British local economy. However, at the same time, they also expressed great confidence in the UK, believing that the UK, as a veteran financial powerhouse, has a strong foundation and can survive this difficulty with its own abilities and keep the pound exchange rate.

As reports from media from various countries were released, the Earl of Mountbatten slapped the table in his study and said angrily: These damn speculators should really be tied to the stake and burned to death:

Earl of Mountbatten had to be angry, because the depreciation of the pound had a direct impact on him. The loans promised to the Great Wood Bank were all settled in US dollars. If the pound exchange rate fell, it means that the bank would suffer losses due to the decline in the exchange rate. For example, today the pound exchange rate fell by 1.3, which means that when paying the loan, the bank would have to pay 200 million pounds more.

This is definitely a huge expense. Royal Bank of London cannot bear such losses. So as the guarantor of this transaction, it is obvious that this loss can only be calculated on him.

I had known that I should have firmly determined my ideas at the beginning. Since it was a loan from London, it should be settled in pounds.

Mountbats muttered constantly, but he also understood that it would be meaningless to care about this now, so he immediately picked up the phone number on the table: answer me the office of the Chancellor of the Exchequer, immediately

There is only one way to recover this huge loss, which is to stop the depreciation trend of the British pound, and Mountbatten did this. So at 8 o'clock in the evening of London time, he drove to the famous 11 Ningtang Street, next to the Prime Minister's residence, the British Chancellor's residence, and Mountbatten came to attend this temporary meeting.

Mountbatten was the first to arrive, and was greeted by Chancellor Philip himself.

Seeing Philip, Mountbatten immediately said with great momentum: Sir Philip, the current decline in the pound exchange rate is a provocation by all foreign speculators against Great Britain. We must make a strong and powerful fight back to safeguard the dignity of our Great Britain and Her Majesty the Queen.

Facing Mountbatten, Philip felt a little headache. Although he was the British Chancellor of the Exchequer, the other party was a noble group with the title of hereditary earl. Therefore, in terms of identity, the other party was the master of the country, and he was just a housekeeper.

Putting aside the distractions in my mind, Philip said to Mountbatten: Honorable Earl, since I have held this financial meeting, I have made up my mind to keep the exchange rate of the pound. However, foreign speculation hot money is coming in full force, and the domestic economy is downturning, and the pressure to depreciate the pound is also very high. Therefore, how to balance it still needs to be considered.

Before Philip could finish his words, Mountbatten interrupted him without hesitation: Let’s talk about those things in the future, it is the most urgent thing to stabilize the exchange rate of the pound now.

Mountbatten said again: Of course, I understand Sir Philip's difficulties. Don't worry, I will help you convince others at the meeting tonight, and you only need to buy a large amount of pounds through the Bank of England to stabilize the exchange rate.

Half an hour later, all the invited people were here. Those who could attend today's meeting were all important figures in the British financial industry, including not only the Chancellor of the Exchequer and the President of the Bank of England, but also the chairman of other major banks, as well as the chairman of the board of directors of other major banks, all of whom were gathered here. Their only purpose was to come, all of which were for the sudden British pound crisis today.

The meeting began, when the Chancellor of the Exchequer Philip made an opening remark, Mountbatten couldn't wait to stand up and say: Hello, dear gentlemen, I am very happy and sad to see everyone gathered here today. The sorrow is because my dignity has been provoked by others, and happiness is because I see the unity of Great Britain from you.

Everyone listened to Mountbatten's speech. After all, nobility is rare in any country, especially in the more proud Britain. Nobles who are self-reliant in their identities generally do not attend such meetings. Therefore, Mountbatten, who is the earl, is very noble here.

Since this meeting was not a formal meeting, it became normal for Mountbatten to speak in place of Philip.

I believe everyone already knows that the exchange rate of the pound has fallen by more than one percentage point today. This is the conspiracy of foreign speculators. They frantically sell the pound and suppress the exchange rate of the pound. The purpose is to make profits from it and to take wealth from our vault.

Mountbatten paused and continued: What kind of behavior is a robber, but do they regard us as cowardly sheep? This is an insult to the glorious Great Britain, a trampling on our dignity, and I will never allow it.

I still remember that half a century ago, Churchill gave a speech to all the British people, calling on people to take up weapons and defend the national dignity of the Anglo-Saxon people. Now, we are facing the same choice as we did back then.

Mountbatten said gritting his teeth: Those damn speculators have quietly come to us and launched a fierce attack on us. According to incomplete statistics, in the foreign exchange market, some people have sold more than 500 million pounds of currency. We can believe that with the greed of these people, they will sell more pounds in the next few days to create chaos in the exchange rate market.

They are all speculative villains, and only chaos can bring benefits to them, but no matter what trouble this will bring to us. Mountbatten said, "Now, I don't know what you think, but I, as the Earl of Mountbatten of the York family, awarded her honor to Her Majesty the Queen, will definitely fight the enemy for the glory of Great Britain. I support the Bank of England to fight back by buying back pounds from the market."

With Mountbatten's shout, everyone else here also echoed: We also support counterattacking the enemy, we are not cowardly sheep, we should be the most ferocious eagle hovering on the sea, we will not allow anyone to provoke our dignity, we will fight the enemy for glory, and we also support the counterattack of the Bank of England.

Faced with the excited shouts in the conference room, Chancellor of the Exchequer Philip glanced at Mountbatten and was surprised by Mountbatten's eloquence and incitement.

However, since Mountbatten had paved the way for himself, he stood up and said tactfully: So good, I decided that the Ministry of Finance will buy back a billion-dollar pound in the market through the Bank of England. At the same time, I will also make it clear to the world that the pound will never depreciate.

After Philip, the President of the Bank of England also stated: As the most powerful central bank in the world, we will never compromise with those damn speculators. We will definitely fight the enemy to the end, and we will also help the Ministry of Finance repurchase one billion pounds.

At this time, Mountbatten said: This is a war between Great Britain and foreign speculators, and no one can survive. So if the Ministry of Finance and the Bank of England need it, I will contribute to donations to help Great Britain stabilize the pound exchange rate together.

Mountbatten's leading statement once again became a role model, and after him, everyone else expressed their support for the war between the Ministry of Finance and the Bank of England to stabilize the pound exchange rate.

Listening to the firm shouts in the conference room, Mountbatten smiled: That damn Chinese Zhou Ming, the hateful Joros and Quantum Fund, although your attack was sudden, you were just like that. I will let you see the power of Great Britain Finance and tell you that the pound is not what you want. You can control it at will.

Mountbatten said viciously in his heart: I don't know how much money you have prepared, but it will definitely not be the opponent of the great Britain. Your attack on the pound will only make you beaten to the head and run out of blood.
Chapter completed!