Mixed in 1980

Chapter 321 Unstoppable Offensive
After giving the order, Soros sat down and lit a cigarette: "Damn Chinese, how dare they show up and steal my spoils."

Soros had been planning this for a long time, and in July he launched a test by selling pounds on a small scale, driving the pound-to-mark exchange rate down from 2.95 to 2.85.

The Bank of England urgently mobilized its foreign exchange reserves, purchasing £33 billion to successfully stabilize the exchange rate.

This move solidified Soros's belief that the pound sterling was overvalued and that as long as he borrowed enough pounds, the success rate of short selling was extremely high.

Chen Fan received the news immediately, and Zhou Wenya called to ask if he should sell as well. However, knowing the nature of this financial battle, Chen Fan chose to hold back.

We waited and waited until Soros completed his plan.

With Soros joining the fray, the scale of the sell-off of pounds became even larger, and the market struggled to absorb it all at once, causing the exchange rate to plummet immediately.

12 noon in the UK is 19 pm in Hong Kong!
Many Hong Kong residents were sitting in front of their televisions when news suddenly broke of Britain. Under Chen Fan's attack, the exchange rate of the pound against the mark plummeted to 2.78.

The distance is 2.778, only 0.002 away.

If the pound falls to 2.778, it will be forced to withdraw from the European Exchange Rate Mechanism.

Hong Kong residents were stunned. In just three hours, the pound's exchange rate was about to collapse? If Britain were to withdraw from the European Exchange Rate Mechanism, it would become a laughing stock.

A great nation was brought down by one man!
This will have a huge impact on Britain's international and social influence.

What's even more alarming is that many of the pounds sold by Chen Fan and his group haven't been bought yet, and it's inevitable that the exchange rate will continue to fall as time goes on.

The British leadership has lost its composure and has begun appealing to the British government for help, hoping that the government will cut interest rates and loosen monetary policy to devalue the mark so that the pound will follow suit.

Hans the cat completely ignores the British guy!

Therefore, Chancellor of the Exchequer Ramon rushed to Buckingham Palace and had a classic dialogue with Prime Minister Major:

"Prime Minister, we can't hold on any longer!"

"How could you not be able to hold on? You must have a plan, tell me quickly!"

"Okay, I have another plan! Raise the central bank's interest rate. Higher interest rates will attract the return of currency and bring back buying interest in the pound."

"With the economy in a slump, raising interest rates again would be suicidal!"

"Prime Minister, would you rather die now or a few days later? If we don't raise interest rates, the pound will be finished immediately. If we do raise interest rates, we might be able to survive for a few more days. The financial market is constantly changing. Maybe in a few days Chen Fan will have no more bargaining chips, and we'll still have a glimmer of hope!"

At this point, what else could be said? Prime Minister Major compromised and raised interest rates!

Not only did the Bank of England have to raise interest rates, it also had to rescue the market. The Bank of England urgently allocated foreign exchange reserves to buy up the pounds sold by Chen Fan and others.

It was only at this point that the people of Hong Kong realized what was happening.

Chen Fan has started a real fight with the British. Now the question is whether Chen Fan has more pounds in his hands or the British have more foreign exchange reserves.

Chen Fan picked up the phone and called Hua Sanshao: "Have you made all the arrangements at the TV station?"

"Don't worry, we'll send you a brief report on the British pound exchange rate every hour."

Hua Sanshao had already made arrangements, using connections and spending money to get TVB and ATV to keep a close eye on the currency war in Britain: "The British are probably not going to be able to hold on."

"It's inevitable that it won't hold; the question is how low the pound will eventually fall."

The reason for broadcasting the news live on television was to tell those who held pounds that the British were about to lose their grip on the currency, and that they should hurry up and sell their shares.
After hanging up the phone, Chen Fan smiled.

The British have launched their first response, but their own offensive has only just begun. The £100 billion they previously sold off was just money in British bank accounts.

The authorities have only just begun to exert their influence, selling off the pounds sterling secured by Xinghuo Real Estate shares as collateral, while the pounds sterling secured by a $50 billion loan from foreign exchange reserves have not yet been used.

He sat down next to Zeng Ali, put his arm around his eldest daughter-in-law, and said, "Comrade Ali, you had a good day. Shouldn't we celebrate?"

Zeng Ali glanced at her husband with disdain and teased, "Celebrating, drinking?"

Chen Fan coughed lightly: "Drinking alcohol is bad for your health."

Zeng Ali curled the corners of her mouth and said, "Sexual activity damages the kidneys!"

Chen Fan kissed her on the cheek: "The thought of the British guy not being able to hold on makes me excited. I need to relax now."

As he spoke, he pulled his eldest wife up, then pulled his younger wife up as well, which made Zhao so angry that she bit him: "Pah, what relaxation? You're just a lecher!"

……

It's 21 PM in Hong Kong, which is 14 PM in the UK!
Lazily kicking her husband, Zeng Ali mustered her last bit of strength and turned on the television in the room, just in time for a brief news report on the British currency war.

The British stubbornly held on, announcing another interest rate hike, adjusting it to 15%.

Meanwhile, several European countries provided support, allocating tens of billions of US dollars from their foreign exchange reserves to barely stabilize the pound's exchange rate.

The message also mentioned Italy.

Compared to the pound, the lira fared even worse, plummeting by 15%, forcing Italy to announce its withdrawal from the European Exchange Rate Mechanism, a move that shocked many.

The main battleground is in Britain, and Italy is the first to falter.

Italy is indeed very pasta-like!
Even after exiting the European Exchange Rate Mechanism, the lira continued to fall, and the sell-off by Chen Fan's Spark Investment, Soros' Quantum Fund, and Wall Street giants continued.

The message also mentioned that Chen Fan and George Soros were the ones who attacked Italy!
"Indeed, the younger generation surpasses the older; this is truly a grand undertaking!"

The shipping magnate lit a cigarette, sat in front of the television, and clicked his tongue in amazement: "Britain is already difficult to deal with, yet he still has the energy to attack Italy."

"It seems that Britain cannot be saved."

Shaking his head, the shipping magnate picked up the phone and made a call to the employees remaining at the company, ordering them to sell off pounds. He didn't have a lot of pounds on hand, but he still had two hundred million.

These are not borrowed money; they are all my own. Selling them now is just to preserve their value; there is no profit to be made, and I will even lose some money.

If you don't sell now, you'll lose even more later.

"As expected, we can't hold on!"

Li Ka-shing tapped the table lightly. The situation was clear: the British were powerless to defend the exchange rate, and support from European countries was also limited.

"Can't wait any longer!"

I have quite a lot of pounds on hand, part of which I brought with me for investment, and part of which I borrowed from banks for investment.

Given the current situation, the only option left is to sell off.

If you act quickly, you might even make a small profit, but it's not easy to get that money; you might end up falling out with the British.

Even if it means a complete falling out, we can't afford to lose money!
He gritted his teeth, quickly picked up the phone, and gave instructions to the employees working overtime to sell off their stock.

Many wealthy individuals issued the same order, most of them with gritted teeth, as the exchange rate had already fallen, and selling at this point would result in losses.

Meanwhile, in the British capital!
The Chinese delegation reappeared in the British meeting room and once again presented the same conditions, which the British still scoffed at.

Sun Shaojie mingled among the delegation and only said one sentence: "We still have £25 billion on hand, and given the depreciation of the pound, we are considering whether to sell it off."

"Are you trying to take advantage of our misfortune?"

The British representative clenched his fist and gritted his teeth, saying, "We have the support of European countries and we will definitely be able to stabilize the exchange rate, even if you sell off your shares."

"The British do not accept threats!"

Upon hearing this, Sun Shaojie slightly raised the corners of his mouth: "How about we stop here for today and continue our discussion tomorrow? I believe you will agree."

"You won't agree tomorrow either. You're not here to negotiate, you're here to make wishes!"

See you tomorrow!

The negotiations ended without a resolution!

No one in the delegation looked stressed or stressed; they were completely relaxed. This negotiation had hit the British right where it hurt, and the advantage was in their hands!

……

Two more hours passed. It was 11 p.m. in Hong Kong and 4 p.m. in the UK. Many people were still glued to their televisions, waiting for the latest news.

This is especially true for wealthy individuals who hold pounds sterling and haven't yet completed their sales.

They care about the pound's exchange rate more than anyone else!
Everyone is praying that the British will hold on a little longer and wait until they finish selling off their shares before the market collapses, otherwise everyone will suffer some losses.

But they are destined to be disappointed!

The British could no longer hold on. Even with the support of several European central banks, it wasn't enough. They were no longer able to defend the pound's exchange rate and were forced to announce their withdrawal from the European Exchange Rate Mechanism.

Implement a floating exchange rate system!

The pound sterling has officially entered a crash mode, falling to 1 pound to 1.5 US dollars in a short period of time, a drop of 25%.

Britain is filled with lamentations!
Hong Kong's wealthy are also lamenting, with those who couldn't sell their pounds in time facing losses of 25% or even more.

"Damn British bastards, a bunch of useless trash."

"A country's financial system can't even beat one person, bah... the British Empire is nothing but a broken ship."

"Chen Fan isn't a good person either, he's a beast. Is it worth it for a moment of pride? He caused me to lose hundreds of thousands of dollars. Why didn't the robbers kill you back then?"

No matter how much they curse, it won't change the fact that the British lost. They were completely dominated by Chen Fan, utterly powerless to resist.

In ordinary people's lives, the voices can be quite different.

"The British have finally lost!"

"Chen Fan has finally given us a chance to prove ourselves. We've been bullied by the British for decades, and now someone has finally stood up for us."

"That's right. Those British used to be so arrogant, but they finally got their comeuppance. Chen Fan said he'd turn the pound into worthless paper, but I don't know if he's really going to do it."

"It would be funny if the pound became worthless; all the British would become poor."

……

The British have lost!
It was no less than a defeat, with Hong Kong speculators led by Chen Fan and international speculators led by Soros emerging victorious.

British taxpayers are the ones who foot the bill for this.

Late at night, the newly appointed governor, Peng Dingkang, made a rough estimate that £330 billion of British taxpayers' wealth had been consumed in just one day.

In just a few hours, Britain was severely weakened!

Just as he was gritting his teeth in hatred, the phone rang, and Shen Bi's voice came through the receiver: "Chen Fan still has a large sum of pounds sterling, all deposited in foreign banks."

"Given his vindictive nature, he will definitely launch a new attack tomorrow."

"It's time to sue for peace!"

P.S.: Second update! Do you guys still have any votes left? Thanks for your support!
(End of this chapter)