Reborn Financial Overlord

"Are you ready to take down the Bank of England? Now, fuck them assholes."

bang bang bang-

All the hearts were beating wildly, especially the traders who followed from China, their faces were all red with excitement.

What is the Bank of England?

It is the central bank of the Kingdom of Great Britain and Ireland. It is an ancient bank that existed in the empire when the sun never set. It is recognized as the most powerful central bank in the world.

Even the major note-issuing banks in Hong Kong are subject to the constraints of the Bank of England.

It represents the sovereign credibility of the entire empire on which the sun never sets.

That is the empire on which the sun never sets. It owns many colonies all over the world and robbed countless wealth. Steel armored iron boats blasted open the gates of China. The opium poisoning really plundered countless wealth. It invaded the imperial capital and occupied Hong Kong by force. Nearly a hundred years.

But now...

The beating heartbeat shocked many traders, who were all blue and blood red, staring at the computer screen like hungry wolves, waiting for William to give an order.

William was just as excited, breaking down the Bank of England, which he never even dared to dream about in the past.

Back then, his father was beaten to death by that British guy, and he went to the police station. Instead of dealing with it, the police station scolded his father for not provoking the British. William will never forget the pain and humiliation in his life.

Forcing himself to calm down, William opened the chart of the pound to mark exchange on the trading software.

Since the UK joined the ECU at the latest, the pound has continued to rise since 1990, and has been a long-term bullish trend in the main trend for as long as two years.

At one point, the exchange rate between the British pound and the Mark was raised to 2.9585, showing an obvious bullish trend.

For ordinary traders, the rising time of up to two years is undoubtedly a good opportunity to short.

In fact, it is not, because in terms of probability, there is only one highest point. Anyone who has rich professional trading knows that guessing and touching the top is no different from catching bullets with your hands.

But precisely, the bullets held by professional traders are the biggest boost any capital needs, because the size of the positions held by traders is like a stream flowing into a torrent.

They are part of the general trend.

And trading is another game of war. Whoever leads the wrong trend will have to die.

When the momentum is like a rainbow, no one can stop it, and when the army is defeated, it is like a mountain falling.

After carefully calculating the psychological defense line of bulls formed by technology, William found the offensive point needed for tactics. If he wants to change the current trend of the exchange rate between the British pound and the Mark, he must erase all the gains last week and create a super negative line. , to defeat the will of the bulls.

"Little San. Open [-] contracts at the current price, six in a single transaction, and two-way positions."

"Daniel. 2.9285, create [-] contracts."

"Jason. I leave the spot market to you. I want the Bank of England to have no chance to respond."

"..."

The night is already deep.

Wall Street in late autumn is damp and cool, making people feel that winter is not far away.

Under the night, George Soros was completely free from the fatigue and tiredness that an old man should have. He stared at the foreign exchange trend chart on the computer with bright eyes.

He has an indescribable intuition that today will be the best time to attack the pound.

Two years, two full years.

When Britain joined the ERM in 1990, Soros was waiting.In his view, the UK has made a mistake because the ERM requires members' currencies to be pegged to the Deutsche mark.

However, the British economy is not strong. Adding ERM is tantamount to linking the UK with the unified Germany, the strongest economy in Western Europe, and the UK will have to pay for it.

A unified European currency unit is very unfavorable to the return of capital, which will never be allowed.

The British, however, did not seem to realize the seriousness of this problem, and this is undoubtedly an opportunity to make a fortune.

Although the empire on which the sun never sets is gone, the heritage of Britain is undoubtedly still rich. There are few countries in the world that are richer than Britain.

To stay in the ERM, the exchange rate of GBP/DM needs to be maintained above 2.7780.Germany is in a cycle of higher interest rates. Although the depreciation of the Italian lira has made Germany choose to make a concession, it is only a small step.

Judging from the standpoint expressed by Schlesinger, neither he nor Cole wanted the Deutsche Mark to disappear.Therefore, even a rate cut will only be temporary.

Rubbing his chin habitually, George Soros smiled.

Now, the Bank of England's cards are on the table.

Exchange rate controls are implemented to forcibly prevent the outflow of capital, but in the UK's environment, if controls are really implemented, all the cabinets up to Major can step down.

There is no hard way, there is only soft way, raising interest rates for a long time, and using monetary policy to prevent capital outflow, but this is also impossible. With the current real estate and securities in the UK, long-term high interest rates, the economy will collapse soon.

Then the UK has only two cards to borrow money and raise short-term interest rates.

Suddenly, dense numbers flashed on the computer screen, numbers that were so fast that the eyes could not see them, and suddenly turned into a sea of ​​numbers, just like the handicap of the British exchange mark.

2.9285 buy 6

2.9285 sold 6

2.9282 buy 6

2.9283 sold 6

......

What's up with this Nima?

George Soros looked stunned. Such a large transaction volume means that there are funds to start. What does it mean to be double-opened?

But in an instant, he realized something was wrong.

All of a sudden, sterling's high-frequency shocks plunged in a straight line like a waterfall.

2.9203 sold 6

2.9185 sold 6

2.9163 buy flat 6

2.9103 sold 6

2.9058 buy flat 6

......

If you want to live a decent life, you have to have a little green on your head.

Looking at the trading market that turned into a sea of ​​red numbers on the screen, Soros had a feeling that he was greened by others, but he could only accept it.

The number 6, in the market, can only represent that the bastard from the east made a move, but that guy took away the honor that should belong to him.

However, he could only endure it.

"Damn bastard. Where did it come from, and why has it been unknown before."

London, House of Commons Chamber.

The quarrel between Norman Lamont and Pound Brook also reached a fever pitch, but for a while, no one could convince the other.

“But what if? I think we’re missing a very important point, the speed of the internet and the convergence trading has made the market completely different than it used to be, which has never happened before. Like Finland, Spain and Italy. God. , It’s unimaginable that the turnover of tens of billions of dollars in a single day.”

"So what, no one knows the Internet and computers better than me, too much data will cause the server to freeze, and its maximum transaction limit is within my expectations..."

boom--

The closed conference room was suddenly pushed away from the outside, and a young man in his 30s rushed in in a panic. Norman Lamont seemed to be stepped on his tail, and cursed at the visitor up.

"Rowan, don't you know I'm in a meeting?"

"My lord, it's not good, the pound has fallen below 2.7950."

"What are you talking about? It's absolutely impossible!"

Chapter 85 Gatling√Semi-automatic Rifle (Repair)

There is a law in the financial market that nothing is impossible, on the contrary, everything is possible.

Bank of England Markets and Trading Department.

Robin Leigh Pemberton looked at the Reuters screen in disbelief, his eyes filled with unbelievable shock.

2.8105, sold 6

2.8100, buy flat 6

2.7995, sold 6

.....

On the LCD screen, numbers denser than an ant colony were scrolling crazily. The dense numbers were like an ant colony devouring all green, which made Pemberton feel his scalp numb.He had the absurd feeling that, except for the Bank of England, every speculator in the world was selling pounds.

No, to be precise, he felt that, except for the people in the office, he felt that everyone in the world was selling pounds.

Yes, all of them.

Otherwise, it is really impossible to explain why such a large number of selling positions were placed in such a short period of time in the market. This is simply not something that some international speculators or a few funds can do.

With such a large number of transactions, at least 1, or even [-] have to be sold with as many traders as the Bank of England.But the feeling was just a feeling. Pemberton knew in his heart that everything was done by that bastard from the East.

6.

No one likes this number, except that oriental demon named Shen Jiannan.

How did he do it?

Pemberton really couldn't understand this problem. Countless volumes were printed out every second. The frequency of 6 even overwhelmed all the selling positions in the market. In a matter of minutes, the pound was hit by more than 2 basis points by this inhuman transaction.

Although, this is only the price in the futures market.

However, soon it will be the delivery date of the British pound that month. Affected by the linkage of the financial market, there has also been a large-scale sell-off in the spot market. As the delivery date approaches, this discount will overlap infinitely.

A feeling that Pemberton himself could not believe arises spontaneously.

This bastard, is he trying to corner his position?

Squeeze is a means of using funds to push prices in the financial market.

The so-called forced position means that the forced position has both a large amount of spot positions and a large amount of futures positions, so that short sellers or sellers who do not have spot goods have to close their positions at a higher price after entering the delivery month. It will deviate far from the spot price, which is called a squeeze.

Generally speaking, more squeezes appear as more short squeezes.

The quantity of a certain kind of goods is limited after all. If there are enough funds to sweep the spot market, there will be a shortage of sellable targets in the spot market. When the delivery is approaching, short sellers in the futures market will be forced to buy at all costs. Delivery to close the position.

Because the standard contracts traded in the futures market use margin trading, which is the so-called leverage.

Its leverage is the geometric multiple of the subject matter of the transaction.

Once the delivery date is approaching, the short side needs to buy the number of positions sold by holding the position and multiply it by the actual target quantity of the standardized contract to deliver and close the position.

Of course, it is not without empty pressure.

Theoretically speaking, speculators on the short side can take advantage of funds or physical goods to hit the market price at a low price in the spot market, and sell a large number of certain standardized contracts in the futures market, so that their short positions greatly exceed the amount that many parties can undertake. ability, and forced other spot merchants to be forced to follow suit and lower the price, so that the price of the futures market fell sharply, forcing the speculative bulls to sell the contracts they held at a low price to admit their losses, or to be subject to default due to their financial strength. Fines, and thus profiteering.

Simply put, it's a game of rules.

But from a theoretical point of view, it is almost impossible for the short to force the long, or in other words, the bulls have an inherent advantage.

But...someone seems to be cornering the Bank of England right now...someone is actually cornering the Bank of England?Squeeze the Central Bank of the United Kingdom of Great Britain and Ireland!

How absurd.

What's even more absurd is that the UK is also the issuing country of the pound, and is essentially the biggest short in the market.

Pemberton was dumbfounded, staring blankly at the Reuters screen, momentarily forgetting what decision to make.

This kind of thing has never happened!

The head of trading in the marketing department, the chief trader, and other traders are also confused and dazed. The numbers are denser than rain, like a six-barreled Gatling machine gun, firing hundreds of bullets every second, and they , The weapon in his hand is a semi-automatic rifle.

How is this fight going?

Involuntarily, both eyes turned to Pemberton.

"What are you in a daze for? Pull me up, I don't believe they can persist like this forever, no one can always focus on maintaining such a high order speed."

As if waking up from a dream, as the head of the trading department issued one order after another, the traders tapped the keyboard frantically at an unprecedented speed.

2.8105, buy 20

2.8115, sold 100

2.8115, buy 100