The pound depreciated Li Jiacheng's net worth evaporated?What is the British pound against the US dollar to a new low?

Author:Jiang Han Vision Time:2022.09.28

Friends who are familiar with world finance know that among the main currencies around the world, if you want to ask which currency is the most valuable, many people will tell you: the pound, but the most valuable pound recently fell to a record low, Many people are asking what is going on? Why is the most valuable pound depreciated sharply?

1. The pound fell to a new low against the US dollar?

According to the first financial report, in the early morning of September 27, the GBP/USD exchange rate fell below the 1.04 mark, a record low.

In the afternoon of local time, the Bank of England issued an emergency statement: "In view of the major re -pricing of financial assets, Bank of England is closely monitoring the development of the financial market." The pound then rose stabilized and approached the 1.09 mark.

With the refreshing historical level of the pound, the market began to speculate that the Bank of England may be forced to further tighten the monetary policy to support the British exchange rate. In the British Central Bank's interest rate futures market, there are even funds that Britain will even pay a significant interest rate hike at the next interest rate conference.

British Finance Minister Kwasi Kwarteng announced the "mini" budget bill last Friday, including cutting national insurance, canceling the company's tax plan, and reducing the stamp duty of buying real estate, which caused concerns about the further expansion of British debt and the upgrading of inflation upgrades. Essence Affected by this, the British pound fell over 4%in one -day, hitting the third difference since the Black Wednesday of 1992.

The Bloomberg billionaire real -time index showed that on September 26, Li Jiacheng had a net worth of 26.7 billion US dollars (about 191.241 billion yuan). The wealth evaporated 9.935 billion yuan a day. In general, Li Jiacheng's wealth has also shrunk this year. His net assets have shrunk by US $ 2.61 billion (about RMB 18.694 billion) from the beginning of the year, that is, 8.9%of the net worth.

2. What is going on with the pound? What should we think?

We see that the significant depreciation of the pound has led to a sharp evaporation of Li Jiacheng's net worth. Many people are asking the pound so large -scale depreciation. Where is the logic?

First of all, Li Ka -shing's wealth shrinks on a large scale, which is actually related to the significant depreciation of the pound, because for most people, we generally use the wealth of the world -renowned rich man to use the US dollar as a denomination unit. Below, even if Li Ka -shing's own wealth, such as the wealth calculated with the pound, has not changed, but once the US dollar appreciates sharply, the pound has depreciated sharply, it is likely to drive his overall income level to fluctuate a relatively large -scale fluctuation. Currently, Li Ka -shing Institute This is the case, Li Jiacheng's wealth fluctuations are not obvious, but because most of Li Jiacheng's wealth is in the UK, and it is calculated with pounds. Then the end result is that once it is converted into the US dollar, it is because the pound is converted. Significantly depreciating directly led to the sharp shrinkage of Li Ka -shing's wealth.

Secondly, let's analyze why there is a significant depreciation of the pound? Whether the currency exchange rate of a country is stable is actually related to the economic strength of this country and the future development trend. The current British as an old capitalist country is actually facing huge development pressure. On the one hand Among them, the United Kingdom has been in a relatively weak market. Among this weak position, the impact and negative impact of British economy have been relatively large, and it is often possible to face a relatively large economic market development pressure. Insufficient strength is an important reason for the current depreciation of the pound. On the other hand, the current Federal Reserve ’s large -scale interest rate hike directly leads to a significant appreciation of the US dollar in the world. The strength of the pound itself is not good. The economic development is difficult to keep up with the rhythm. In addition The price comparison of the US dollar has changed significantly. The trend of the devaluation of the pound is very obvious. The trend of appreciation of the US dollar is relatively special. The end result is that the pound has a significant depreciation.

Third, for the current entire market, the biggest problem in the market is that the entire pound market shows a relatively large market pressure. The overall expectations of the pound in the market will be serious in the future. It will be relatively large, and the overall risk of the British economy is also relatively high, so everyone maintains a doubtful attitude towards the British overall economy. If it is properly resolved, the problem of the pound is likely to continue, so for the current high -risk state, this high -risk state may still have a large level of risk if there is no trend change.

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