Xiao Bai thought about it, and simply authorized Liang Cheng to sell all the 50 million pounds at the price of $20,050.After finishing these things, Xiao Bai was ready to leave.There are three people in the company staring here, so he naturally doesn't have to spend it here.Coming out of the room, as soon as Xiao Bai looked up, he saw Tang Ziyan coming over."
Xiao Dong, can you enjoy the light and have dinner with me?"
Looking at Tang Ziyan's eyes that were about to drip water, Xiao Bai said with a smile: "Manager Tang, your proposal is a step too late."
I have an appointment tonight, and I'll invite you next time!
”"That's a shame!
Okay, I'm ready to listen to your call at any time. ”Tang Ziyan didn't entangle, but this sentence couldn't help but make people think about it.Xiao Bai nodded, and just as he wanted to speak, his mobile phone rang.When I picked it up, it was Tian Chunxiu who called."
Ah Bai, will you come back for dinner in the evening?
I made soup today and prepared two dishes. ”After Tian Chunxiu made a perfect appearance today, he went to buy some vegetables by the way.When it comes to making soup, she has only just learned it."
Mmmm, I'll be there shortly."
Xiao Bai didn't say much, and then hung up the phone."
Dong Xiao, if you have something to do, go and get busy first, and then contact you when you are free."
Tang Ziyan sent Xiao Bai out of the building very interestingly, and only after seeing the other party get into the car did she return to her office."
Ah Bai, I want to strengthen the practice of spoken English, can you say it?"
These days, it's either going to the gym or going to the beauty.After a long time, Tian Chunxiu also felt bored.These things are usually okay as a spice in life, but if they become the theme of life, she can't stand it.So, when eating, she asked Xiao Bai."
Well, I think as long as it can improve myself, it's worth doing.Where do you want to practice speaking English?
Training Institutions?
”Xiao Bai agreed with Tian Chunxiu's idea."
Well, I'll find a training institution to study for a while.If it doesn't work well, I'll talk about it then. ”Tian Chunxiu thinks it's better to go to a training institution to study, she thinks it will be more atmospheric."
Whatever you want, if it doesn't work well, let's go back and hire a private tutor."
Xiao Bai also didn't care, but he thought of other things at this moment, if Tian Chunxiu would often stay in Xiangjiang in the future, would she need to be equipped with a security guard?
After all, unlike the mainland, the social composition of Xiangjiang is more complex.Not to mention anything else, he remembered that Li Bancheng's son had been kidnapped.The next day, Xiao Bai asked Wang Tiejun about this matter."
Boss, I don't have the right people on my side.But I heard Changfeng say that he knows a girl who is very powerful, and he has also done security himself, why don't I ask him?
”Wang Tiejun thought about it, and really thought of a candidate."
Well, you go back and contact Changfeng, if the other party is interested, you let her come to Shencheng, and I will meet in person."
Xiao Bai nodded and agreed to this option.September 1st.GBP/USD broke through $20,000 intraday and reached a high of $20,030.Liang Cheng shouted a pity, if the boss was not too dead at a limited price, then it would have been closed today.September 2nd.Liang Cheng still placed an early order and locked the trading price at $20,050.The GBP/USD pair is still strong today, and the price quickly crossed $20,040 and hit $20,050 in one fell swoop.Xiao Bai's 50 million pound sell order was swallowed up by a huge amount of buy orders in the blink of an eye.When Liang Cheng called Xiao Bai, it was already night.Fortunately, Xiao Bai had already finished his exercise at this time, otherwise he would have been interrupted in the middle of the middle, maybe he would have twisted his waist?"
Very good!
Ah Cheng, a few of you continue to rotate and stare at the pound.Tomorrow I will pass, and there are some things that I will tell you face to face. ”Xiao Bai felt that this timing was just right, and he was more confident in his next actions.Following.Xiao Bai came to Ed Futures."
Dong Xiao, we sold a total of 50 million pounds, the transaction price was 20,050 US dollars, and the total transaction amount was 1,002.5 billion US dollars."
When Liang Cheng saw Xiao Bai, he immediately took out the delivery order and handed it to him.Xiao Bai looked at it carefully, excluding various taxes and fees, he now has a total of 100.2 billion US dollars in his hands."
Ah Cheng, next we need to open a short position in the pound.This time I'm going to use leverage, let's do a foreign exchange futures trade. ”Xiao Bai was not discussing with Liang Cheng, but directly gave an order.Today, the GBP/USD pair continued to move higher, breaking through the $20,095 level intraday and reaching a maximum of $20,105.Liang Cheng quickly opened a short position at the price of $20,095, 10,000 standard contracts.For this foreign exchange contract, he used 100 times the leverage according to Xiao Bai's intentions.Opening a short position means selling the base currency (GBP) at $20,095 and buying the settlement currency (USD).That's shorting.Shorting also means that the base currency is expected to depreciate, so at some point in the future, at a lower price, the base currency will be bought back.This is the closing of the position.In addition, there are different multipliers of leverage.For example, in the United States, it is generally 50 times, while in the United Kingdom, it is generally 100 times and 200 times.Xiao Bai chose 100 times leverage, when the settlement currency is USD, the calculation formula for the margin he needs to pay is: contract unit x contract lot x exchange rate / leverage multiple.The contract size of one standard lot is 100,000 (one hundred thousand).Then the margin that Xiao Bai needs to pay is 100000x10000x20095/100=20095000000000000000000000000000000000000000000000000000000000000000000000000000000000"Dong Xiao, we have successfully established a short position, what should we do next?"
Liang Cheng felt very excited, and he hoped to see the results as soon as possible."
The next step is to keep an eye on, especially the GBP/DM changes."
Xiao Bai didn't say his next plan of action, because some things couldn't be explained at all.Therefore, he explained to Liang Cheng and others, and then got up and left Ed Futures.At the same time, there is an undercurrent in the international foreign exchange market.The financial predators represented by Soros began to quietly establish short positions in the pound as early as a few months ago.The poor fundamentals of the UK economy, as well as the fact that the pound is pegged to the mark, mean that if there is a stir, it will cause concern for the entire market.Early September.International investors began to sell a large number of pounds in the spot market, and the price of GBP/Mark also fell all the way.In order to maintain its status as a member of the European Exchange Rate Mechanism, the Bank of England began to buy the pound and intervene in the market itself.The pound seems to be slowly starting to stabilize.September 16th.The day was no different from previous trading days, and after the opening of the London market at 8 a.m., the staff of the Bank of England continued to buy the pound unhurriedly to prevent the currency from depreciating.But soon, everyone realizes that something is wrong.The world is selling pounds like crazy, and the Bank of England is intervening in the market at a cost of £2 billion an hour, but the exchange rate is not improving.Because everyone knows that now the power of the bears is very strong.The Bank of England's intervention in the market is tantamount to a praying mantis blocking the car, and it is impossible to reverse the trend at all, but only to deplete its own foreign exchange reserves.The British side had no choice but to announce an interest rate hike, raising the rate to 10.At this time, Xiao Bai was sitting in the trading room of Ed Futures."
Xiao Dong, the price of GBP/USD has started to fall.Spot trading is surging and foreign exchange futures contracts are also on the move. ”Liang Cheng's face was already flushed with excitement.He had a hunch that this was definitely a big event.He had never seen such a crazy shorting of a country's currency in the market for so many years.At 11 a.m., the British side raised the interest rate from 10 to 12.Soros and other financial predators can't help but be ecstatic, and the British side cannot maintain such high interest rates.This is as if to give a critically ill patient a dose of tiger and wolf medicine, the pound not only did not stop the decline, but the market bigwigs began to continue to short the pound, and the responders gathered.The British side, which refused to admit defeat, continued to raise interest rates from 12 to 15 at 2:15 p.m."
Crazy, either the British side is crazy, or the whole world is crazy!"
Even Xiao Bai was dumbfounded, he really didn't understand what the point of not admitting defeat was, except for the consumption of foreign exchange reserves on the British side in vain, it would not play any role at all.In the end, the British side compromised, they announced that they would abandon the low level of the members of the European Exchange Rate Mechanism, and the pegging mechanism of the British pound to the Deutsche Mark was canceled, and the Bank of England would no longer intervene in the exchange rate of the British pound.As soon as this news came out, the whole world was shocked!
At this time, the pound sterling, like a little sheep in the wolf pack, was ravaged and devoured unscrupulously.In particular, the foreign exchange futures market immediately entered a state of free fall, with GBP/USD falling from 19005 to 16001, and GBP/DM falling from 29036 to 24007.The whole process only took a few minutes."
The price is $16,005, close the position, and buy 10,000 standard lots of pounds."
(GBP/USD) opens a short position at $20,050, sells 10,000 standard contracts, and then closes the position at a low of $16,005 and buys it back, of course, making a lot of money.The spread is $04,045, profit = 100,000 (contract unit) x 10,000 (standard lots) x $04,045 (spread), and the total profit is $404.5 billion.In fact, the profit is not so much.Because it is a leveraged transaction, it also needs to pay a lot of fees (including interest) to the trader.After deducting various taxes and fees, the final net profit was $40.2 billion."
Dong Xiao, do we need to buy back 50 million pounds in the spot market?"
At that time, he sold 50 million pounds of cash exchange and bought $100.2 billion.Subsequently, a deposit of $2,009.5 million was paid, leaving $801.05 million on the books.Coupled with the net profit of 40.2 billion US dollars in foreign exchange futures trading this time, Xiao Bai currently has a total of 482105 billion US dollars in his hands.When the futures company finished liquidating and returned the margin, his funds increased by another $2,009.5 million, totaling $502.2 billion.