Chapter 42: Pound sterling speculation

The next day, Zhou Ming and Caitlyn got up early, as did their classmates in the finance class and George Soros. After all, they were going to teach the British a lesson today.

After all, what they were going to do was a financial speculation, and it was not as simple as what was said in that satirical Internet clip about the currency appreciation, which was just to transfer money to the UK and then back out again. Because things are not scripted, it is not the case that if you transfer money to the UK, the pound exchange rate will rise, and if you transfer it back, the pound exchange rate will fall. If speculation were that simple, there would be no master speculators, and everyone would be able to speculate.

In this case, the first thing Zhou Ming and his colleagues needed to do was to keep track of the exchange rate movements of the British pound. They kept transferring money to the UK little by little, and then bought pounds as soon as the time was right, creating the illusion that the pound was strong the illusion of a strong British pound and push up the exchange rate of the British pound. But in fact, when the exchange rate of the British pound really starts to rise, it is actually time to quietly sell the British pound and transfer the funds.

This is the standard way to trade. If you just blindly invest your money without taking any action, it is just as stupid as holding tens of millions of dollars and simply placing it in the bank to earn interest.

Zhou Ming, who aspired to become a world-class tycoon, obviously would not do such a stupid thing. Therefore, he had already asked his classmates in the finance class and Qiao Luosi to prepare for this since yesterday.

When Zhou Ming arrived at the office in the Triumph Building in the morning, he saw all the students in the finance class sitting neatly in front of their computers. Zhou Ming knew that these guys had been holding back ever since they arrived in France, wanting to perform well in front of him, but they were arrested at the airport as soon as they got out, which made them feel even more depressed.

In response, they all felt that they had caused themselves trouble, so now that they finally had a chance to show off, they were determined to give it their all.

Seeing how serious they were, Zhou Ming didn't bother them and went over to George Soros and asked, 'What's the situation now?'

'We're waiting for the financial markets in London to open,' answered Chouros. 'But the pound has been in a slight uptrend for the past week due to the Bank of England's policies, which is very beneficial to us.'

'They can't help it. After all, the pound has just experienced a massive fall, and the Bank of England, as the central bank of the UK, must introduce policies to stabilise the exchange rate. But they never expected that we would fight back and win!' Zhou Ming said, 'But this is all their own problem. If they don't mess with me, I'm not interested in doing this. After all, sustainable development is my goal. It's always bad to keep your eyes on one sheep to fleece its wool.'

Caitlyn and Joross were both dumbfounded by Zhou Ming's words. Obviously, it was still very difficult for them to understand this famous quote from a Chinese classic for they did not know the innuendo. In the end, it could only be attributed to cultural differences.

Soon it was 8:30am UK time, which was before the start of the futures trading in the UK. However, in order to prepare the market, Zhou Ming instructed his classmates in the finance class to start transferring money to their accounts in the UK and began exchanging a small amount of pounds sterling through other markets.

In addition Zhou Ming also called the French President, as agreed with Jacques, to let him and his friends participate in the looting of the British pound. For such a job of making money while lying down, Jacquel was of course happy to accept, not to mention the country

(this chapter is not yet finished, please turn the page) and a large number of big capitalists who have been thinking about cutting pieces of meat off the UK all day, as well as the Jesuits.

And as As time passed, when the UK futures market opened, the pound immediately reacted, rising 0.5% from the previous day's closing price. This may seem insignificant, but if you zoom out to look at the whole market, it's an incredible figure.

Put simply say, if Zhou Ming and his French friends had invested a total of £1 billion, then they would have made £5 million immediately after the opening bell.

On learning this result, Zhou Ming laughed: 'It seems that the British have really done a lot to stabilise the pound and bring it back to its original exchange rate, otherwise with the methods we used, there wouldn't have been such a big stir. It's just I can't quite figure out why the British must prop up the exchange rate of the pound sterling at such a high level. If it could be lowered a bit, it would stimulate exports and boost economic growth.'

'In the At first, it was because the British pound had the highest gold content, and later because the UK had the strongest financial strength. Now, the UK can't afford to lose face, or rather, with the development of finance development, even if it wants to lower the exchange rate of the British pound, it is not that simple. If it moves aimlessly, it may even cause a financial crisis in the country.'

Caitlin explained to Ming, and then she asked worriedly, 'But Ming, I also believe that the UK must have done a lot to bring the exchange rate back to its original figure done a lot, but it shouldn't be this bad. Will they be suspicious of this sudden increase in the exchange rate? Although the current increase is very small, I believe it will definitely be much higher than the Bank of England expected.'

Zhou Ming en, looked up at George and asked, 'So what's your opinion?'

'My opinion is the same as Ms. Caitlin's. I also think that the British side will definitely investigate,' George said.

If Zhou Ming did not intend to speak unless he asked Qiao Luosi, because Caitlin was still here. From previous events, Qiao Luosi had cooperated with Caitlin, and he had been impressed by Caitlin's genius financial intelligence, so it was enough to have Caitlin's analysis. Of course the most important thing here is still the identities of Caitlyn and Ming Zhou, and it is right for Joloos to give up the right to speak.

Jolo said to the next person, 'From what I know about the Bank of England, those arrogant bastards are generally very confident in their calculations. Once a situation that deviates too much from expectations, they will definitely investigate. Our operating methods are not hidden in any way, and they will definitely be able to find out if they are investigated.'

Zhou Ming only considered it for a moment before making a decision: 'In that case, let's shorten the time and ask the students to speed up.'

With Zhou Ming's order, all the students in the finance class immediately went into full gear. They kept buying pounds sterling through various channels using various dazzling methods.

Of course , Ming Chow did not forget to give Jacques a call. Although Ming Chow could not completely trust the president, as an ally, Ming Chow was very trustworthy. This was also in preparation for the upcoming Mexico. If he lost credibility in this regard, it would be most detrimental.

So Under the arrangement of Zhou Ming, countless funds were remitted from all over the world to the UK. With the support of these foreign exchanges, the exchange rate of the British pound steadily climbed, and by 3:00 p.m., the pound had risen 77% against the German mark, from 26 at the opening to 28.

This is undoubtedly

(this chapter is incomplete, please turn the page) the first time the pound has seen such an increase since the recent large-scale short selling of the pound by Zhou Ming and George Soros.

Naturally, the interpretation of this situation by various financial media is based on the adjustment of the Bank of England's policy.

In the Tower, Zhou Ming sat on the sofa in his office, holding a radio in his hands, which was playing financial news: 'Yesterday the Bank of England just raised the short-term interest rate to 18%, and today the pound has seen a significant increase. This shows that the Bank of England's policy has already had an effect. Using the extremely high bank interest rate, international capital has been attracted to London. With a large amount of foreign exchange backing it, the exchange rate of the pound has naturally increased.'

'Although Although the UK has now withdrawn from the European exchange rate system, this is not bad news for the UK because the UK already had the strongest financial power. Losing the shackles of the European system will allow it to exert its full power. Therefore, we believe that the British pound should have a relatively stable growth period in the future...'

Listening to the financial commentary on the radio, Zhou Ming smiled: 'To be honest, the British are really cooperative this time. While I was convincing the French to rob England together, they actually raised the short-term interest rate again, to 18%, and perfectly played their part in the show.'

'So then are you prepared to wait a few more days before selling the pound, Zhou Ming?' Caitlin asked, 'because today's media commentary is all very bullish on the pound.'

'Just because the media are all bullish, we can prepare to withdraw. After all, a secret that the whole world knows is no longer a secret. The same applies when everyone starts investing in the same project, there is no longer any profit to be made. said, 'So let's stick to our original plan and start selling pounds little by little from today.'

Cate nods her head, feeds Ming a grape, then turns to George and says, 'Do as Ming says, but remember to keep a good handle on the pound fluctuations. If the pound continues to strengthen, we can slow down the selling appropriately and maximise our profits.'

'Also call the Elysee Palace and tell them to start selling too,' said Zhou Ming.

'What if they don't sell, or they want to wait for the pound to rise even more?' asked Chou Ross.

'Then you tell them that if there is any loss or being stuck, just don't cry for mommy, and besides, our battlefield is in Mexico, is one pound sterling enough?' Zhou Ming said.

'I I understand. I'm sure the French will listen!' After saying this, Chouros went out to make arrangements.

And as as soon as Jollos left the room, Zhou Ming's phone rang. Caitlin was a little surprised: 'They wouldn't have found out so quickly in the UK, would they?'

'This is indeed a bit fast, but I think they are just suspicious.'

Zhou Ming said, then answered the phone, and sure enough, a voice he knew very well came over the line: 'Hello, Mr. Zhou Ming, this is the Prince of Wales. I'm calling today because I have an important question for you, and I hope you can answer me honestly.'

Zhou Ming asked a question, and the Prince of Wales said, 'The British pound has grown very strongly today. I want to know if this is related to you, Mr. Ming Chou?'

It really was the case!

'No Yes, that was me,' Ming Zhou replied with a smile, but then his tone turned cold, 'The aim was to punish you for breaking your promises!'