Vol 5 Chapter 133: As the pound plummeted, I made a profit of 4 billion dollars

Pound to mark, 2.4200 sells flat at 30,000
As if a bomb dropped into a calm lake, the pound to mark exchange rate was instantly raised by 400 basic points. The time-sharing chart of the continuous W-folding pattern changed, and a vertical vertical of almost ninety degrees was erected. line.
But it did not end because of this. The densely packed liquidation was like a swarm of ants smelling of a crisis. In just one minute, the pound rebounded again by more than 300 basic points.
2.4558 sell flat 1
2.4560 sell flat 1
2.4559 Buy 1
...
British pound to mark, 2.4559/+9.78%.
Pound to US dollar, 1.7868/+7.68%.
Chicago, Financial Exchange Building.
Lance Laura, the manager of Laura Monetary Fund, looked at the price of pound sterling on the screen as if she had been hit by Thor's hammer, her brain was blank.
The Bank of England has lowered the interest rate by 2.5%. With such a big super negative, the pound will at least release hundreds of billions of liquidity to the market. As the supply increases, the trend of short positions in the pound will inevitably accelerate the decline.
The relationship between supply and demand determines the price factor, doesn't it?
But what is it now?
-78985042$!
The huge loss on the fund account and the contradiction between reality and ideals made Laura feel that the world is extremely false.
"Laura. Should we stop losing part of the position, the market is very bad for us now."
"No. This is just a technical adjustment. The whole world knows that the price of the pound will fall, and that it is impossible for the pound to rise."
"Then what shall we do."
"Grow up. The Bank of England has lost enough foreign exchange reserves. It can only allow the pound to fall freely. This must be a bluff to scare the market."
"..."
The Bank of England has lost enough foreign exchange reserves and reduced its profit by 250 points. The British pound is in a butcher-like short position. How can it really continue to rise?
There is no reason to support the pound rebound. If it rebounds, it must be a technical adjustment.
Lance Laura believes in this.
Brooke Connie, the chief trader of Arcas Investment Management, also believes in this.
London, the international financial center.
Brooke Connie took a violent cigarette and gave an order to increase the position. After thinking about all the reasons, he could not find any logic for the pound to rise.
This can only mean that the rebound is to give more reasons to get on the car.
The whole world knows that the pound will fall, and under this general trend, the pound will inevitably fall.
Almost at the same time, many currency fund managers and convergent traders around the world have made the choice to increase their positions or sell short. As professional speculators, they know very well that such an obvious short-term trend of the British pound makes a rational rebound. .
But unfortunately, they didn't know that Huaxia had so many idioms.
Things will reverse the general trend.
It is true that no one can stop the roaring flood, but the hero creates the situation, and no matter how fierce the tide is, it can also be changed.
East Street, National Westminster Bank.
President Danny stood at the door with folded hands like a butler, but he did not have the humility and low-key of a butler. Waiting for guests.
I don't know how long it took, a modified new Rolls Royce stopped at the door of the bank. When Shen Jiannan and his party came down, Danny suddenly smiled.
Soon, the two sides got together.
Shen Jiannan proactively stretched out his hand and greeted Danny.
"Mr. Clark, hello. I was so sorry to be delayed on the road just now."
"Mr. Shen is so polite. It is my honor to serve a distinguished guest like you."
"..."
The two parties had a brief courtesy, and a group of people walked into the bank's top VIP reception room under the leadership of Danny.
The huge reception room looks like a box in a coffee shop, covered with bright yellow carpets, and the environment is extremely elegant and quiet. Standing next to the window, half of the city of London can be seen, and looking at the sea in the distance, blue The sea and the sea and the sky are simply a luxury enjoyment.
As the group of people sat down, the bank staff who had been waiting for a long time came over with coffee. The respectful and humble attitude made people feel their thoughtfulness and thoughtfulness.
"Mr. Clark. Come here today, we want to pay back the money we borrowed from your bank."
"..."
Borrow the pound sterling and naturally have to pay it back.
But now, since all the previously borrowed pounds have been sold, if you want to return it, you have to buy back the previously sold pounds.
It seems a bit troublesome.
But for a large bank like National Westminster Abbey, these are not problems.
Soon, under Danny's arrangement, Capital One bought 518,700,000 pounds for 1.276 billion marks and returned it to the National Westminster Bank.
Shen Jiannan and his party got in the car and left. Danny stood at the door and waved to the car going away, and walked quickly into the market trading department.
"Conn. Close all our pound positions, right away."
"..."
In the following trading days, the exchange rate of the British pound against the mark once rebounded to 1:2.5900, making Shen Jiannan bought back up to 16 billion pounds in the market at a price of 1:2.52.
The profit of 4.7 billion US dollars was evaporated by 900 million US dollars out of thin air, but the profits at this time were all real money.
After deducting the interest on these loans, the final income of Capital One, Kamandi and Geman stayed at around US$4.632 billion.
This is definitely a numbing number.
You must know that in the capital market, the greater the funds you have, the fewer ways you can invest, and the less you can obtain greater benefits. Because of this amount of funds, no matter which market it enters, it will cause drastic changes in market prices.
One week after the UK announced its separation from the peg, speculative sterling funds began to buy sterling in the market to close positions, which also pushed up the exchange rate of sterling in the short term to some extent. If it were not for the Bank of England to cut interest rates again, this The scale of profit may continue to shrink.
But for the Global Monetary Fund, it is simply the end.
Boston, Charles River.
Former Harvard University Professor of Economics and Finance Mike Gates stood by the river with dull eyes and unruly hair. The spirit of the walking dead seemed to have lost his soul.
Five years ago, with a wealth of economic research and financial ideas and reputation, Mike Gates established the Gates Currency Investment Fund.
In these five years, from the initial 10 million US dollars, with an annualized return of 15%, the base amount managed by the Gates Monetary Fund has rapidly expanded to one billion US dollars half a month ago.
But now, everything is gone.
In the morning, because the Gates Fund lost more than 50% of its position in the British pound, the client hurriedly asked for a forced liquidation. Mike Gates, the actual infrastructure manager, was also sued jointly and was facing unpredictability. Punishment.
Resist?
As an American, he knows very well that for 500 million dollars, he has no right to resist.
And the only thing he can do is die.
thump--
The slowly flowing Charles River splashed a huge wave ~EbookFREE.me~ Mike Gates standing by the river sank under the river.
The cold river water kept choking from the organs to the lungs, causing bursts of uncomfortable pain.
But compared to the physical pain, Mike Gates has a problem that he can't figure out how to understand why the topic he has studied for a lifetime has changed at this critical moment.
The river gradually returned to calm, but in this world, there is no more Professor Mike Gates who was once sought after by countless people.
Huge wealth will bring unbearable excitement and excitement.
Similarly, a huge loss is like a heartbreaking sulfuric acid, enough to corrode the will of too many people.
The feeling of falling from heaven to in an instant, the cold that freezes people's souls more than a night of violent storms and snow can make too many people collapse.
The pound to mark exchange rate rebounded to 2.59 and then turned down again, but on this day, all the traders who bet their lives and luck in a convergent transaction were also wiped out that day.
Many fund managers and speculators went bankrupt on this day. The reported suicide incidents made people feel heart trembling.
Kathleen Morris.
"Global "Monetary Funds" Crash", "Mutual Fund Watch", September 19, 1992.
For the short-term international money market funds mentioned earlier, that day was also the beginning of their end. In fact, all those funds disappeared as quickly as they came to the investment arena.
The entire cost of the British Treasury Department has never been disclosed to British taxpayers, but it is conceivable that it must be several billion pounds.
"Because of the pound slump, I made a profit of four billion dollars."