Vol 5 Chapter 93: Pits everywhere

George Soros called.
According to the rules under the exchange rate mechanism, the Central Bank of the United Kingdom had to accept the sale of the British pound at 2.7780 Deutsche Mark, which is the lowest level allowed in this range, but this rule is only valid during London trading hours.
It is now time for Britain to rest, and it is no easier to attack the pound at this point.
Of course, he didn't know that someone on the other end of the phone was calling him a fool. When the phone was answered, he smiled and greeted the old turnip.
"Mr. John. Hello, this is George Soros."
George Soros?
Holding the phone, Robert John was stunned. He has been in the financial industry for 20 years. How could he not know the famous George Soros? This is the fierce man who made a fortune by shorting the US dollar, without any hesitation. , Lao Luotou quickly covered the handset of the phone and picked up the cell phone that was talking to Shen Jiannan.
"Boss. Here comes a big sheep, it's George Soros."
Big Sheep!
Shen Jiannan couldn't help but laugh. If George Soros heard that he was called a fat sheep, he would not know how it would feel.
"Very good. You talk to him. I think he must have come to borrow money."
Turnip also knew this very well. After receiving Shen Jiannan's head, he opened his hand to talk to Soros enthusiastically.
"Oh. Mr. Soros, hello. I haven't seen you for a long time, I don't know you are here."
"It's an honor that Mr. John still remembers me. I have a big deal to talk to you. I don't know if you are interested."
"How can John dare to forget Mr. Soros's name. It would be very interesting to be able to do business with a big man like you."
"Oh. Thank you Mr. John for his trust. That's it. I need to borrow one billion dollars worth of pounds from your finance company. I don't know if you can help me."
"My goodness. This is really a big business. However, recently there are a lot of people borrowing money, and the interest rate may be higher than usual. As you know, our funds are all borrowed from the bank, and there is also a lot of money. Part of the funds needs to give investors high returns, I hope you can understand."
interest?
What a problem.
According to Robert John’s calculation, the pound will depreciate by at least 15%. With such a large space, what interest is there to worry about?
"Of course, I understand your difficulties very well. As long as the interest is within the market acceptance range, it is not a problem."
"Thank you Mr. Soros for your understanding..."
"..."
The assets held by the Quantum Fund naturally have no shortage of collateral. Soon, Robert John and George Soros discussed the matter of borrowing money and collateral.
Quantum Fund borrowed one billion U.S. dollars worth of pounds from Slow Yang Yang Investment Company with its 200 million pounds in interest rate futures position assets at a daily interest rate of three thousandths.
This is a very high interest, with a daily interest rate of four thousandths and a monthly interest rate of 9%. But considering that the current benchmark interest rates in various countries are very high, as well as leveraged fund lending, Soros calculated in his mind the maximum time the Bank of England can hold, and he agreed to this request.
"Thank you, Mr. Soros, for taking care of my business. I hope we can cooperate happily."
"Good night. Goodbye."
"Goodbye!"
After hanging up the phone, Lao Luotou quickly talked with Shen Jiannan, but before we had a word, another portable phone rang.
"Boss. I think, I still called the guy, what should I do."
"Are there anyone else around you? Deal with it first and return to the company immediately."
"Lucy. It's up to you, no matter who it is, just say that your boss is taking a shower and reply immediately."
Lucy Badenberg nodded knowingly, took a deep breath and picked up the phone as Robert ordered.
"Hello. Hello, this is the Bald Qiang Finance Company."
"Hello. This is George Soros. I need to talk to your boss, Mr. William Carter. Does he have time now."
"Oh. Please wait a moment, the boss is taking a shower, I will ask him to call you back as soon as possible."
"Okay, thank you! I will call back later."
In the Quantum Fund office, George Soros hung up and walked towards Stanley Drucken Miller’s office.
The two have estimated that the actual foreign exchange reserves that the Bank of England can ultimately use is around 40 billion U.S. dollars. Now Quantum Fund has a position of 3 billion U.S. dollars. Major fund companies and some banking institutions will definitely take the opportunity. Selling, borrowing too much money, if you can’t sell it, it’s bad.
Once the pound is forced to exceed its allowable range of fluctuations, it will be almost impossible to find a buyer for this currency.
Chief Fund Management Office, Stanley Drucken Miller is talking on the phone with a president of Bank of America. Usually he and Soros will mobilize positions to traders to execute orders, but this time they call themselves Call, find out the banks that agreed to do business with them, and transfer tens of billions of dollars in funds.
"Stanley. How about talking to them?"
"Bank of America and Morgan Bank promised to lend us three billion dollars in pounds~EbookFREE.me~ That’s good. A financial company in London also promised to lend us one billion dollars in pounds. Now, let me contact us again. Another one."
"..."
Rome, Italy.
Shen Jiannan was like a wolf beaten up with blood, his eyes were glowing, and Michiko An Hui, who had just come out of the shower, was frightened and her little face was full of fear.
Every time, when Shen Jiannan showed this kind of light in his eyes, he was as tireless as a robot, which was really terrifying.
"Autumn Sauce!"
Michiko Anhui blushed and yelled timidly, and the eyelashes on her big eyes were often blinking. The water-stained skin and hair were like water lotus, which made me feel pitiful but full of temptation.
Shen Jiannan's heart beating violently all the time, even more violently.
In order not to attract the attention of all parties, in order to seize the opportunity to defeat the Bank of England, in order not to make the market go beyond the original range, we borrowed pound sterling, bought British government bonds, mortgaged dollars to buy U.S. Treasury bonds, and used U.S. Treasury bonds. Mortgage lending in pounds sterling.
In this way, the size of the position held by Capital One has already reached an incredible level.
After several months of calculations, it is finally time to close the net, even if it is Shen Jiannan, the thrilling figure makes him unable to restrain.
You know, the Bank of England is recognized as the most powerful bank in the world.
"Michiko."
Looking at An Hui Michiko fiercely, Shen Jiannan picked up the person in his arms and walked towards the balcony.
With such a beautiful day, only moonlight can make people calm down.