Chapter 137 A Sneak Attack Must Have Certain Strength

After arriving in Switzerland, Li Changheng did not go to UBS, but went to the stock market, booked a private room, and planned to operate it himself.

Fortunately, there is still time, first use 10,000 US dollars to enter the market to familiarize yourself with the operation.

And knowing the trend, he only needs to be familiar with how to quickly buy and how to quickly sell the foreign exchange futures contracts in his hand.

A big problem with futures speculation is that someone must take over the futures contract in your hand.

And there is enough funds in the market to join this game, otherwise he would use ten times leverage to operate 22 million US dollars, and the funds would be enlarged to 220 million US dollars in an instant.

There is no investment institution in the market that can swallow such a large contract in one go.

But he wouldn't foolishly use ten times the leverage. After all, this is not a stock market crash. He knows the exact time point. Moreover, the ghost knows what is different between this world and reality.

It's just that someone has been eyeing him and combined with several institutions to raise the pound in a short period of time.

Li Changheng, who doesn't have much money as a margin, may be forcibly liquidated within ten minutes. Even if he doesn't lose completely, he will definitely suffer a huge loss.

Think about Soros spent 12 billion US dollars when he was in Thailand, plus countless follow-up institutions, the final income was only 4 billion, you know that financial wars are not that simple.

Fortunately, although the specific exchange rate fluctuations are not known, it is foreseeable that once the pound falls, the Bank of England will definitely stand up and buy pounds as appropriate to stabilize the exchange rate.

And Li Changheng's plan is very simple.

When the news of the accident of the five foreign affairs personnel spread, they stood still, because the fighting at this time must be very fierce, and the exchange rate will definitely fluctuate very quickly.

Entering at this time is completely a gamble on luck.

Only when the two sides are fighting fiercely, the scandal of the Reserve Bank suddenly breaks out, can the Bank of England be caught off guard.

When the authorities intervene in the investigation and the Bank of England itself is in danger, it is the best time for a surprise attack.

Shorting and selling contracts is fast, though.

When something happens to the Bank of England, Downing Street will keep an eye on the bank, but at the same time will 100% maintain its own exchange rate, so as to avoid the formation of linkage effects, causing market panic and severely damaging the English economy.

Three days later, the news that the English foreign staff lost contact north of Saigon appeared in front of the whole world as expected.

Even Li Changheng suspected that when he learned about this from Andrew and Bell, many organizations and the United States must have known about it sooner or later, and were making preparations in secret.

Sterling fluctuated against the dollar and West Deutsche Mark as soon as the London market opened on Monday.

Even a ignorant rookie like Li Changheng can tell from the large number of traded contracts that someone has long been prepared to short the pound, and the Bank of England has also made a defensive plan these days.

At 8 o'clock in the morning London time on Thursday, after three days of contests, and the battle between the Americans and the Yuemen became fierce, even the English foreign affairs personnel in Saigon had to withdraw from Saigon.

Reports on the London morning news and many newspapers are emphasizing that the possibility of recovering the five foreign affairs personnel is basically zero.

The time was ripe, Li Changheng thought for half an hour, and walked out of the private room of the exchange.

It took two hours to drive to the airport and then fly to Milan from Zurich.

I sent one parcel after another to several media outlets in London, and at the same time sent more than a dozen copies of the same materials to media outlets in France, Italy, and Spain.

Moreover, in order to prevent the relationship with the Bank of England from becoming too strong, he also called and threatened several policemen above the supervisor who had received black money from the White Hart Lane Police Station in North London.

He even carried with him the photos of the dozen or so parliamentarians and high-ranking officials who had been photographed indecently.

Once the situation is not right on Friday and Saturday, the photos developed from these negatives will be sent to these dozen people.

In fact, these photos have to be sent out sooner or later.

It was not just revenge against the bankers of the Bank of England that prompted Downing Street to once again propose the decision to nationalize the Bank of England.

Another point is that he previously ignored that members of the House of Commons have terms of office.

Hold it in your hand all the time, after a few years these photos may become waste paper.

What is the point of breaking the news about some retired England old man, or a dormant politician who is once again in an ordinary job, except to disgrace his family and ruin his career?

After returning to Zurich at 2:30 in the afternoon, he began to short the British pound with triple leverage of hundreds of thousands and hundreds of thousands.

Due to the involvement of the Bank of England and the accident of only five foreign affairs personnel, there are still many people and institutions who bet that England can withstand the pressure, even if they do not send troops.

In just two hours, the triple-leverage three-day short-term futures contract established by Li Changheng for delivery on the next Monday used up 10 million US dollars.

Triple leverage is a full contract of 30 million US dollars, but he cursed out of anger.

After meditating silently for a while, I thought with some worry in my heart, "With such a fast transaction speed, there are only so many people and institutions optimistic about England?"

The bulls are so powerful that he can only forcefully suppress the impulse in his heart, leaving 12 million US dollars as a deposit.

The reason for trading on Thursday is to wait for tomorrow's newspaper to report the scandal of the Bank of England being stolen from old banknotes, and set aside a two-day holiday weekend to ferment.

This will not only have enough time to spread the word, but also allow Downing Street time to intervene in the bank's investigation.

As long as the media dug up the news that there was a lot of old banknotes in the sewers, things were out of the Bank of England's control.

Not only will market confidence drop, but the Bank of England will not be able to protect itself. It is difficult to enter the market and fight against short-selling funds on Monday.

Those who bought the 30 million US dollar contract in Li Changheng's hand, without the support of the bank and the official England that made the decision so quickly, would definitely not be able to keep the exchange rate.

Before the market closes on Monday afternoon, the futures contracts in his hands can be delivered. How much money he can make depends on how determined the short sellers are after getting the news.

There are also bullish bull funds, how much money and confidence do you have, try your best to hold the exchange rate, and wait for the England official to stand up and join the war.

As for the remaining 12 million US dollars in hand, it is used to prevent the exchange rate from being pulled up by the Bank of England and long funds before the market closes on Thursday and Friday morning, and is used as a margin to prevent liquidation.

The simplest explanation is that if the exchange rate of the pound to the dollar is 1:4, as long as it exceeds this price to 1:4.1, the pound is more valuable.

The short contract will lose money, and Li Changheng has to pay this part of the loss to the trading agency.

When his 12 million margin is paid out, the securities dealer who is unwilling to lose money will force him to sell part of the contracts to keep other contracts in a state of not losing money.

Moreover, on the contract delivery date, or even before that, the exchange rate fluctuates violently, and the exchange has the right to close the position and sell his contract in advance on the grounds that the risk is extremely high.

To avoid that on the delivery day, the exchange rate fluctuates too much, and the exchange cannot predict whether you will lose all, resulting in not enough money to pay the long positions.

And he has been establishing contracts for hundreds of thousands, hundreds of thousands.

On the one hand, the amount is small, and it is easy to find an institution to engage in the contract. Second, the use of contracts at different times prevents the exchange from closing all positions for him.

Before the market closed on Thursday morning, Li Changheng watched his 12 million deposit suddenly become 9 million.

All of a sudden, because of the exchange rate drop, it returned to 12 million, and even made some money to reach 14 million, and then fell again, and even at the lowest point, only 4.7 million US dollars remained.

In just the last half hour, my mood went up and down like a roller coaster.

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