Vol 5 Chapter 51: Send you to space travel

London, England.
　　 After receiving the final result of Lira’s collapse and having to negotiate with the Germans, Norman Lamont’s golden hair flew, waving his fists and shouting, and his face was full of excitement.
Due to the total collapse of the lira in the foreign exchange futures market and the spot market, the Italian government had to announce that the lira was depreciated and its price was reduced by 3.5%, which meant that the other ten currencies of the European monetary system would appreciate by a percentage. Three point five.
　　 In this case, Germany has only one choice, to cut interest rates.
Where is the relationship between Italy and Germany falling in love and killing each other? The Deutsche Mark is the currency with the largest proportion of ECU. The Bundesbank bears the responsibility of Europe and the central bank. Under the pressure of various countries and because of the maintenance of the European monetary system, it finally made concessions .
　　 At the same time that Italy announced the devaluation of the lira, the German Central Bank officially announced that the discount rate was reduced by half a percentage point, from 8.75% to 8.5%.
　　 There is nothing more exciting than this. The pressure that the pound has been facing is the German interest rate policy. Now, the Bundesbank has reduced interest rates by 25%, which is definitely an excellent start.
　　 You know, this is the first time Germany has cut interest rates since the merger of the two countries.
　　 Not only that, as Italy is a member of the European Community, the position of the lira in the ECU cannot be ignored. Now, the depreciation of the lira means the appreciation of the currencies of other countries.
　　 Of course, this also includes the British pound.
If it is in normal times, there is nothing to be happy about. If the British pound appreciates, the Deutsche Mark will also appreciate. It has no effect on Britain’s rights in the ECU. It’s different now. Germany has dropped by 0.25%. The interest rate is bound to soften the value of the German mark a little bit.
　　 Is there a more perfect ending?
No.
　　 There will never be a more perfect ending. With the Bundesbank lowering interest rates, the pressure on the devaluation of the pound will naturally decrease a lot, and it can also strengthen the position of the pound in the ECU, which is simply perfect.
　　 "Norman, you are so smart."
　　 "No one knows what Germans are thinking better than I, haha."
　　 "Sure enough, no one understands economy better than me."
　　 "Lamont is amazing."
"Oh yeah!"
　　 "......"
It is completely conceivable that when the great, intelligent and wise Mr. Lamont was facing a huge crisis in the British pound, he was brave, calm, and decisive to solve the crisis, and benefited from the crisis, what would it be? Kind of honor. Struggling to wave his fist, as Norman Lamont jumped to the left with excitement in the office, and then jumped and shouted vigorously. His flowing golden hair matched his tall and burly body, it was so handsome.
　　 Unfortunately, this kind of pride cannot be said everywhere, and the feeling of holding secrets and wisdom in my heart is really tormenting.
　　How can I celebrate and let people see my wisdom, greatness, intelligence and bravery?
　　 There is it!
　　 After thinking for a while, Norman Lamont picked up the phone on the table and called his assistant.
　　 "Karina. You arrange the BBC One Night Promenade Concert for me tonight. I think I am in a good condition today, very suitable for singing."
　　 "Sir. I'm just looking for you, there is a very important thing for you to handle."
"what's up?"
　　 "I will be at your office soon."
　　 Five minutes later, Kelena Jolie took a file bag and walked quickly to Lamont's office.
　　 "Sir. I think these remarks are very unfavorable to us and may require you to deal with them in time."
　　 "The Sun"
　　 "The turning point facing the British economy"
Author: Chen Jiannan
　　With pictures, a handsome and sassy photo with hands on his shoulders.
　　 "Today, the problems facing the UK are more from the economic downturn. The high interest rates make the UK face a very difficult choice to adapt to a looser monetary policy or adopt an existing monetary policy."
　　 "This is a very difficult question."
　　 "......"
　　 "......"
　　 "From the perspective of the trend of London securities, the downturn in the real estate market and the unemployment rate, I think and believe that loose monetary policy to depreciate the pound is more suitable for the current British economy."
　　 "Easy monetary policy can inject new vitality into the market, and the cheap pound can also make trade exports go from a downturn to good expectations faster."
　　 "......"
　　 "The Times"
　　 "Where does the pound go?"
Author: Chen Jiannan
　　’Since Major took office, the British economy has continued to decline, real estate prices have been sluggish, unemployment has continued to rise, and economic data has slipped and slipped. Everything has proved that the pound has a serious overvaluation in currency. ’
　　‘But I think it’s not a bad thing. ’
　　’The appreciation and devaluation of the domestic currency have different logical relationships for economic development itself. If the pound depreciates, the export economy will definitely develop better. ’
　　 "From an economic point of view, the current British industrial products tend to be an export-oriented economy, and the cheap pound sterling can give export companies more room for operation."
　　 "......"
　　 After reading the newspaper Julie handed over, Norman Lamont jumped up angrily.
　　 As the biggest air force in the major currency markets in Europe, this is singing about the short pound. What kind of economy is all nonsense.
　　 Shameless.
　　 Isn’t it just trying to take advantage of the sharp fall in the pound to take advantage of the opportunity to make a lot of money? He also said that it is sounding like helping Britain find the right direction for development.
　　 is simply shameless.
　　 "FUCK. This Easterner, he is all farting. How can the great British Empire be comparable to the chaotic country like Italy? I will call reporters immediately and I want to publicly express our attitude."
　　 "What about the promenade concert tonight?"
　　 "I will attend on time. Arrange it for me, a mere oriental, I will let him see the wisdom of Mr. Lamont."
　　 "......"
　　 4:30 in the afternoon.
　　 In the press conference room of the Ministry of Finance, Lamont stepped onto the podium with his tall and burly body and waving blond hair.
　　 Click, click
　　 A series of exposures illuminates the entire venue like daytime, and also illuminates Lamont’s flowing blond hair more and more golden.
　　 Without waiting for the reporter to ask a question, he raised his arm and clenched his fist to express his strong belief with his unique tension.
　　 "No one knows the economy better than me. The current monetary policy is very much in line with the British economic environment. Those just want to make a fortune after the pound falls."
　　 "But I tell you, if you dare to do this, my fist will be slammed into your so that you can recognize the iron fist of the British Empire."
　　 "Oh...sorry, this paragraph is deleted, as a gentleman. I shouldn't be so rude."
　　 Finally, the reporters have a chance to ask questions.
　　 "Your Excellency Minister of Finance. What do you think about the market rumours that the pound will depreciate?"
　　 "I can tell you for sure that the pound will never depreciate. We have enough confidence and strength to stabilize the existing exchange rate mechanism."
　　 "But on Friday night, the lira has fallen below the floating lower rail, what do you think will affect the pound."
　　 "The United Kingdom is the country with the longest history in Europe and has a strong economic foundation. The Bank of England also has tens of billions of pounds in foreign exchange reserves. How can it be compared to a chaotic rich country."
"Mr. Finance Minister, Mr. Shen Jiannan, a world-renowned economist, analyst and fund manager, believes that the UK now needs a looser monetary policy to stimulate inflation, and the depreciation of the pound sterling is conducive to current trade and exports. He I think the Bank of England may choose to depreciate the pound. What do you think about this."
　　 "Mr. Treasurer. Other analysts also said that the main problem of the economy is the reversal of the trade gap. If the pound depreciates, it may not be more in line with the interests of Britain than the current exchange rate."
　　 "Mr. Treasurer. Will the central bank choose to depreciate the pound to stimulate exports, as the market expected."
　　 What do you think, I think you are indifferent.
　　 For an instant, Norman Lamont was irritated by the name Shen Jiannan.
　　 "Shen? He is a famous economist from the East.
Oh my God. You always want to make big news, right?
　　 I recently had an idea to travel to space. Would you like to go with me? I really want to stuff all of you into the rocket and let you go to the sky for a while, so that it can calm me down. "
　　 "Your Excellency Minister of Finance. The public has the right to know the government's attitude towards monetary policy."
　　 "Our attitude is that the pound will never depreciate."
　　 After finishing speaking, Norman Lamont looked at his watch, turned and left.
　　 A group of reporters were dumbfounded, and never expected this Treasurer to be so headstrong.
　　"..."
　　 "Your Excellency Minister of Finance. Please wait."
　　 "......"