Chapter 376: Great Britain is going crazy

Double-headed Eagle Company is the predecessor of the Quantum Fund and also the Quantum Fund's agent in Britain!

Upon hearing this, Philip suddenly understood the secret behind Quantum Fund's continued selling of so many pounds. It was because he was basically getting something for nothing, using pounds obtained through borrowing and financing in Britain to sell on the foreign exchange market. Put simply, the entire country of Great Britain could provide them with a steady stream of British pounds to sell, so how could this game possibly be played?

'This is terrible! I can't imagine what kind of genius could have come up with this,' Philipp exclaimed incredulously. 'Monsieur le Comte, we must curb this behaviour, otherwise the consequences will be unimaginable if this method is allowed to take effect.'

'I certainly understand that. After all, if today's method succeeds, it will give others the wrong idea about Britain's weaknesses. Everyone will use this method to attack the pound. I believe that Britain has nothing to fear, but it is still very troublesome. So, Mr. Philip, do we have a way to close the lending and financing channels of the Quantum Fund?' asked Montbaton.

Philip Philip replied in the negative: 'I think this is very difficult, because several major merchant banks in the country have underwritten the bonds of the company Double-headed Eagle. If we suddenly call a halt, we need a legally defensible reason. And In addition to the bonds, the Bank of England has also found that many other companies in the port city and on the mainland are also selling pounds following the Quantum Fund.

' These damned businessmen who have fallen for the money should all be sent to the gallows!' Mountbatten cursed angrily, 'But since they can't be trusted, we'll have to find another way. For example, we can call on all the people of Great Britain to help us, just as Mr Churchill led Great Britain against the barbaric Germanic invasion half a century ago.'

'This is a very good way. The proud Anglo-Saxon nation is our strong backing!

Philip said firmly. His phone call with Mountbatten ended here, but an hour later, Philip gave a televised speech.

In the speech he said that Great Britain was currently facing a life-or-death financial battle. Capital at home and abroad was colluding to short the pound and steal everyone's money in the bank using very dirty methods. Therefore the people of the British Isles should unite to win this financial war for the dignity of the Anglo-Saxon people. In addition, the Bank of England will do its utmost to defend the exchange rate of the pound.

'Those those evil financial speculators, they are selling the pound by collecting it from everyone through bonds. This is a very shameful way to speculate. To win this war, we must rely on the help of every British gentleman. Let's all do our part and fight! Glory will belong to Great Britain!'

Accompanied Philip's speech on television shocked the world, because his words announced the British government's determination regarding the exchange rate of the British pound and also declared that Britain would never compromise with any speculators. Also Philip's speech caused the British pound to rise in value in the foreign exchange market in the United States for a period of time, by about 0.1%, which was a very small but very good response to Philip's speech.

It was because of this, George Soros once again called Zhou Ming's phone. Zhou Ming laughed and asked him back, 'It seems that Mr. George Soros has lost confidence?'

George was a little embarrassed, but he explained, 'Mr. Zhou Ming, I think it is very difficult to maintain confidence under these circumstances. After all, we can't continue to get pounds in Great Britain, we won't have enough money to keep attacking in the foreign exchange market.'

'I I think you must have misunderstood me, Mr. George Osborne,' said Zhou Ming. 'What I want to ask you is, do you really think that just with a televised speech from the Chancellor of the Exchequer, you can really make those Anglo-Saxon gentlemen listen obediently?'

George was stunned. He had never expected Zhou Ming to say that, and he asked, 'Mr. Zhou Ming, do you think the British people will not support their Chancellor of the Exchequer?'

Zhou Ming said, 'I'm sorry, I'm afraid I can't give you an accurate answer to this question, but what I can tell you is that, with the strange way of thinking of the people of this island nation, they may give you an unexpected answer.'

Zhou Ming was not just saying this, because he still clearly remembered the referendum in his previous life that had left the world and the UK itself at a loss. The prime minister had handed over power to the people, but the people had ended up voting themselves out of office, and then asked online: what is the EU?

In the end the Prime Minister was forced to resign. After the Prime Minister left office, the people demanded a new referendum.

This is great democracy. Therefore, elite politics is not just talk. After all, the decisions made by a few smart people together are often better than those made by a group of idiots.

So Since the great British people were able to do such funny things 25 years later, there is no reason to believe that they were replaced 25 years ago. So maybe these ancestors will develop the British Empire people's talent for getting into trouble to new heights.

But this would be something Zhou Ming could never say to George Osborne. All he could say was: 'Let's just wait and see. After all, don't we still have a lot of British pounds in our hands? is better than panic. If the British really collectively cooperate with their Ministry of Finance to boycott us, we will figure it out.'

'Can we still figure it out?' George asked.

'Of of course, I'll take responsibility,' Zhou Ming said.

With Zhou Ming's words of responsibility, George immediately let out a sigh of relief. In fact, Zhou Ming knew very well that if the British really united and no longer allowed the quantum fund to finance one pound from bonds, then he wouldn't be able to do much about it. After all, Zhou Ming couldn't completely grasp the psychology of the British. He just had to take responsibility now, so that George Soros could really let go.

Soon the next day, but after the US market closed, foreign exchange trading entered a period of stability. Although foreign exchange trading is a 24-hour process due to different trading hours in markets around the world, the problem is that the degree of market activity varies around the world, so even if there is foreign exchange trading, the impact on foreign exchange will be different due to insufficient activity.

With the opening of the foreign exchange market in Gangcheng, foreign exchange trading around the world entered the first period of activity. With the full support of Tong Gang and Li Cheng, who led most of the capital in Gangcheng, the British pound also began its first round of decline. However, due to the limited influence of the Hong Kong market on the UK, the exchange rate of the pound only fell from 2.89 to 2.88.

As before , the impact of Hong Kong was limited, but it was also a good indicator of the pound's exchange rate today. When the European market opened, the pound immediately plummeted again, falling three percent to 2.8.

This exchange rate may seem acceptable at first glance, but it should be noted that the lower limit of the European exchange rate system is 2.76, so in this way, the exchange rate of 2.8 is already is very close. If the pound continues to fall the next day, then the European exchange rate system will probably kick the pound out.

No way! It must still be that the money from the Quantum Fund has not been sold off yet, and Philip's speech has not been known to all the British people. This will take some time to adjust.

Montbarton hypnotised himself hypnotised himself, but the performance of the British pound the next day woke him up from his self-hypnosis, because in the pound trading in the port city, the exchange rate of the pound once again dropped again, and this time the drop was so great that it actually went directly to 2.77, just one point short of the lower limit of the European exchange rate system.

As a result, Philip Philip had to give another televised speech, announcing that in the face of this situation, the Bank of England would once again spend 4 billion US dollars buying pounds with foreign exchange.

It has to be said that with the entry of this 4 billion US dollars into the market, there was an immediate and immediate effect, allowing the pound, which was already approaching the lower limit, to rise again somewhat, to 2.78. However, the rise did not stabilize, and just three hours later, the pound began to collapse again. In just two hours, the pound's exchange rate fell below the lower limit of 2.76 and reached 2.74.

Monty watched the news with a of not understanding as he watched the news, mumbling, 'This is really unbelievable, why has the pound become like this? Isn't Philip spending money hedging with foreign exchange and quantum funds? Then why would there be such a result, what happened in the meantime?'

Montbarton then called and called Philip. Philip was a little embarrassed in the face of Montbarton's questioning: 'I don't think it's a good idea for you to know the answer, Mr. Earl.'

Philip said this must have been thinking of Montpensier, but Montpensier obviously wasn't interested at the moment. He said to Philippe, 'Whatever it is, I must know the answer!'

Philippe had no choice and had to tell Montalbano: 'I'm not saying I don't want to tell you, but I simply don't have to. The reason is that I think you, Count, will understand it if you turn on the TV right now.'

Montalbano then open the TV with some doubt. Immediately, he saw a news feature report, which was interviewing passers-by on the street. When the reporter told them about the war on the British the British pound exchange rate war, the British children immediately said, 'What is the exchange rate of the British pound? If the exchange rate goes up, will my income go up? Even if I get a bigger bonus, that's fine!'

Someone else was very pious: I really hope that the Quantum Fund can win. After all, the Bank of England is considered a strong group, and it has controlled the exchange rate of the British pound for too long. So it needs the Quantum Fund to enter the market to balance the world.'

'Are you crazy? Great Britain is already crazy!'

These interviews made Montbarton so much that he wanted to smash the television. He angrily exclaimed, 'Why is this happening? Are these people really British? Then why are their IQs are so poor? Philip has clearly called on them to unite against the Quantum Fund's attack on the pound, not to mention the fact that those companies have recklessly helped the Quantum Fund.'

This made Montbaton very crazy: 'Why? Could it be that this Zhou Ming is really the chosen child of God? Otherwise, why would he be able to get all these British people to support him? This is not scientific!'